Van and reefer spot freight rates on the rise

| 3/11/2015

Flatbed freight rates dropped slightly as van and reefer rates continue a trend of increases for the week ending Saturday, March 7. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates received a relatively large gain of 6 cents to $1.94. Chicago experienced rates as high as $2.12. Rates for the month of February were down 2.6 percent from the previous month and declined 5.1 percent since February 2014. Load-to-truck ratios increased 16 percent to 3.7 loads per truck. Only three states – Idaho, Maine and Vermont – have a ratio of 5.5 or greater, unchanged from the previous week.

Reefer rates also experienced a large gain of 5 cents to $2.16 compared with the previous week. Green Bay rates were as high as $3.05, 42 cents higher than the previous week. Lakeland, Fla., had the low rates of $1.66. Compared with February 2014, reefer rates are down 3.7 percent. Load-to-truck ratios went up by 15 percent to 11 from 9.5 in the previous week. Only seven states west of the Mississippi have ratios of 12 or more, unchanged from the previous week but still much fewer than weeks prior.

Flatbed rates dropped a penny to $2.12. With the exception of a $2.13 the previous week, flatbed rates have stayed stagnant at $2.12 since the week ending Feb. 14. Harrisburg, Pa., had a high rate of $3.41. Phoenix marked a low rate of $1.81. Rates are down 3.6 percent for the month and 3.2 percent in the last 12 months. There were 14.0 loads per truck for flatbeds, a 12 percent increase from the last week. Eleven states across the country have a ratio of 18 or higher, unchanged from the previous week.

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