Van and reefer rates up, flatbed rates unchanged

| 12/4/2014

Pre-Thanksgiving demand and bad weather increased van and reefer spot market rates for the week ending Nov. 29 when compared to the prior week, according to DAT Solutions, which operates the DAT network of load boards. Flatbed rates remained stagnant.

Van rates went up two cents to $2.05. Los Angeles and Chicago experienced rates as high as $2.60 and $2.49, respectively. Rates are up 9.6 percent from last year. Load-to-truck ratios went up 21 percent to 4.4 loads per truck. Several states – including Nevada, New Mexico, Ohio and New York – have a load-to-truck ratio greater than 5.5.

Reefer rates received a 3-cent increase to $2.37 compared to the previous week. Green Bay rates were as high as $3.24, whereas a lower rate of $1.66 hit Lakeland, Fla. Compared with last November, reefer rates are up 17 percent. Load-to-truck ratios went down to 11.6 from 12.6 in the previous week. Nevada, New Mexico, Ohio, New York and several more states had ratios in excess of 12 loads per truck.

Flatbed rates remained at $2.31, stopping a steady decline from the previous weeks. Harrisburg, Pa., had an exceptionally high rate of $3.97. Meanwhile, $1.85 marked a low rate for Phoenix. Rates are down 1.7 percent for the month, but are up 10 percent in the last 12 months. There were 16.8 loads per truck for flatbeds, an increase in a month marked by decreases. As with reefer and van loads, Nevada, New Mexico, Ohio, and New York were among a handful of states with higher ratios of 18 loads per truck or more.

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