Spot market rates drop in all categories

| Friday, December 19, 2014

Rates for van, reefer and flatbed loads dropped for the week ending Dec. 13 compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards. Flatbed rates remained stagnant.

Van rates dropped a penny to $2.09. Los Angeles and Chicago experienced rates as high as $2.34 and $2.18, respectively. Rates for the month of November are up 9.6 percent from last year. Load-to-truck ratios went down 22 percent to 3.5 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 plummeted 6 cents to $2.35 compared with the previous week. Green Bay rates were as high as $3.14, whereas a lower rate of $1.62 hit Lakeland, Fla. Compared with last November, reefer rates are up 17 percent. Load-to-truck ratios dropped to 9.7 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 also dropped a penny to $2.32. Harrisburg, Pa., had an exceptionally high rate of $3.96. Phoenix marked a low rate of $2.07. Rates are down 1.7 percent for the month of November, but are up 10 percent in the last 12 months. There were 13.8 loads per truck for flatbeds, a 25 percent decline from last week. 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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