Flatbed spot rates continue to rise, no growth for reefers and vans

| Wednesday, April 08, 2015

Spot rate averages went up, down and unchanged for the three freight modes for the week ending Saturday, April 4. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates dropped two cents to $1.92, the first change since four weeks of stationary rates of $1.94. Los Angeles experienced rates as high as $2.14. Rates for the month of March were up 2.7 percent from the previous month and declined 7.2 percent since March 2014. Load-to-truck ratios increased 3.5 percent to 3.5 loads per truck. Seven states – six on the East Coast - have a ratio of 5.5 or greater, four more than the previous week.

Reefer rates were unchanged at $2.15 compared with the previous week, the third consecutive week at that price. Green Bay rates were as high as $2.83. Lakeland, Fla., had the low rates of $1.69. Compared with March 2014, reefer rates are down 4.4 percent. Load-to-truck ratios went down by 2.0 percent to 7.9 from 8.2 in the previous week. Fourteen states have ratios of 12 or more, with seven states west of the Mississippi River.

Flatbed rates increased three cents to $2.22. This marks the fourth consecutive week of higher rates after several weeks of unchanged rates. Harrisburg, Pa., had a high rate of $3.59. Phoenix marked a low rate of $1.71. Rates are up 2.8 percent for the month, but down 3.5 percent in the last 12 months. There were 20.9 loads per truck for flatbeds, a 5.0 percent increase from the last week. Twenty-one states across the country have a ratio of 18 or higher, 11 more than the previous week.

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