Spot market rates hold steady after nearly two months of decline

| Wednesday, February 25, 2015

After seven weeks of declining prices, spot rates for truck freight leveled out or slightly increased for the week ending Saturday, Feb. 21. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates went up by a penny to $1.87. Chicago experienced rates as high as $2.08. Rates for the month of January were down 6.7 percent from the previous month, but have remained stagnant since January 2014. Load-to-truck ratios increased 27 percent to 2.7 loads per truck. Only four states – Idaho, North Dakota, South Dakota and Vermont – have a ratio of 5.5 or greater, unchanged from the previous week and keeping up with the seasonal trend.

Reefer rates remained stagnant at $2.10 compared with the previous week. Green Bay rates were as high as $2.63. Lakeland, Fla., had the low rates of $1.57. Compared with January 2014, reefer rates are up 8.3 percent. Load-to-truck ratios went up by 28 percent to 7.9 from 6.2 in the previous week. A large portion of the states west of the Mississippi River had ratios in excess of 12 loads per truck.

Flatbed rates were still at $2.12. Harrisburg, Pa., had a high rate of $3.29. Phoenix marked a low rate of $1.57. Rates are down 3.5 percent for the month, but are up 5.7 percent in the last 12 months. There were 11.4 loads per truck for flatbeds, a 2.8 percent increase from the last week. Eighteen states across the country have a ratio of 18 or higher.

Copyright © OOIDA

Comments