Flatbed spot rates still on the rise; no growth for reefers and vans

| Wednesday, April 15, 2015

Spot rate averages went up, down and unchanged for the three freight modes for the second consecutive week for the week ending Saturday, April 11. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates dropped a penny to $1.91, another one-cent drop as the previous week. Los Angeles experienced rates as high as $2.16. 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 decreased 12 percent to 3.1 loads per truck. Seven states – six on the East Coast – have a ratio of 5.5 or greater, unchanged from the previous week.

Reefer rates were stagnant at $2.15 compared with the previous week, unchanged since March 21. Green Bay rates were as high as $2.72, an 11-cent drop from the previous week. Lakeland, Fla., had the low rates of $1.75, a 6-cent increase. Compared with March 2014, reefer rates are down 4.4 percent. Load-to-truck ratios went down by 20 percent to 6.3 from 7.9 in the previous week. Fourteen states have ratios of 12 or more, with seven states west of the Mississippi River.

Flatbed rates went up a penny to $2.23. This marks the fifth 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 22.3 loads per truck for flatbeds, a 6.3 percent increase from the last week. Twenty-one states across the country have a ratio of 18 or higher, unchanged from the previous week.

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