Average spot market rates reveal improvement for flatbeds

| Wednesday, March 25, 2015

Flatbed freight rates increased while van and reefer rates showed little or no change for the week ending Saturday, March 21. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates remained stagnant at $1.94 for the second consecutive week. Chicago experienced rates as high as $2.11. Rates for the month of February were down 2.6 percent from the previous month and declined 5.1 percent since February 2014. Load-to-truck ratios decreased 16 percent to 2.9 loads per truck. Only three states – Idaho, Maine and Vermont – have a ratio of 5.5 or greater, unchanged from the previous week.

Reefer rates dropped a penny to $2.15 compared with the previous week. Green Bay rates were as high as $2.80. Lakeland, Fla., had the low rates of $1.70. Compared with February 2014, reefer rates are down 3.7 percent. Load-to-truck ratios went down by 19 percent to7.8 from 9.6 in the previous week. Thirteen states have ratios of 12 or more, with seven states West of the Mississippi River and the remaining six towards the northeast.

Flatbed rates increased 3 cents to $2.18. This marks the second consecutive week of higher rates after several weeks of unchanged rates. Harrisburg, Pa., had a high rate of $3.65. Phoenix marked a low rate of $1.69. Rates are down 3.6 percent for the month and 3.2 percent in the last 12 months. There were 16.4 loads per truck for flatbeds, a 10 percent increase from the last week. Eleven states across the country have a ratio of 18 or higher, unchanged from the previous week.

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