Average spot market freight rates still declining

| 5/6/2015

Spot rate averages failed to increase for all three freight modes for the week ending Saturday, May 2. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates dropped a penny to $1.86. Los Angeles experienced rates as high as $2.07, unchanged from the previous week. Rates for the month of April were down 3.6 percent from the previous month and declined 7.5 percent since April 2014. Load-to-truck ratios decreased 2.8 percent to 2.5 loads per truck. Six states have a ratio of 5.5 or greater, one fewer than the week prior.

Reefer rates remained stagnant at $2.12 for the third consecutive week. Green Bay rates were as high as $2.54, a 17-cent decrease from the previous week. Elizabeth, N.J., had the low rates of $1.92. Compared with April 2014, reefer rates are down 7.0 percent. Load-to-truck ratios decreased by 5.4 percent to 5.5 loads per truck. Six states have ratios of 12 or more, less than half the number of states the previous week.

Flatbed rates went down 2 cents to $2.17. Harrisburg, Pa., had a high rate of $3.98. Phoenix marked a low rate of $1.77. Rates are down 0.9 percent for the month 7.3 percent in the last 12 months. There were 20.8 loads per truck for flatbeds, a slight increase from 20.7 the previous week. More than half of states in the contiguous U.S. have ratios of 18 or higher.

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