Another week of decline for average spot market freight rates

| 4/29/2015

Spot rate averages failed to increase for all three freight modes for the week ending Saturday, April 25. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates dropped two cents to $1.87. Los Angeles experienced rates as high as $2.10, 4 cents lower than last week. Rates for the month of March were up 2.7 percent from the previous month and declined 7.2 percent since March 2014. Load-to-truck ratios decreased 12 percent to 2.6 loads per truck. Seven states – six on the East Coast – have a ratio of 5.5 or greater, unchanged from the previous week.

Reefer rates remained stagnant at $2.12. Green Bay rates were as high as $2.71, a 1-cent decrease from the previous week. Lakeland, Fla., had the low rates of $1.72, unchanged from the previous week. Compared with March 2014, reefer rates are down 4.4 percent. Load-to-truck ratios were also unchanged from the previous week at 5.9. Fourteen states have ratios of 12 or more, with seven states west of the Mississippi River.

Flatbed rates went down a penny to $2.19. Harrisburg, Pa., had a high rate of $3.98. Phoenix marked a low rate of $1.77. Rates are up 2.8 percent for the month, but down 3.5 percent in the last 12 months. There were 20.7 loads per truck for flatbeds, a 1.5 percent decrease from the previous week. Twenty-one states across the country have a ratio of 18 or higher, unchanged from the previous week.

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