Spot rates: Van and reefer rates unchanged, flatbed rates up

| Wednesday, April 01, 2015

Much like the previous week, flatbed spot freight rates increased while van and reefer rates remained unchanged for the week ending Saturday, March 28. 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, marking the fourth consecutive week rates have been at that price. Los Angeles experienced rates as high as $2.10. 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 increased 16 percent to 3.4 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 were also unchanged at $2.15 compared with the previous week. Green Bay rates were as high as $2.83. Lakeland, Fla., had the low rates of $1.69. Compared with February 2014, reefer rates are down 3.7 percent. Load-to-truck ratios went up by 4.4 percent to 8.2 from 7.8 in the previous week. Fourteen states have ratios of 12 or more, with seven states West of the Mississippi River and the remaining seven towards the northeast.

Flatbed rates increased a penny to $2.19. This marks the third 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 19.9 loads per truck for flatbeds, a 21 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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