Average spot market rates drop for all freight modes

| Wednesday, April 22, 2015

Spot rate averages went down for all three freight modes for the week ending Saturday, April 18. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates dropped 2 cents to $1.89. Los Angeles experienced rates as high as $2.14, also 2 cents lower than last week. 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 6.6 percent to 2.9 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 decreased by 3 cents to $2.12 after rates remained at $2.15 since March 21. Green Bay rates were as high as $2.72, a 1-cent decrease from the previous week. Lakeland, Fla., had the low rates of $1.72, a 3-cent increase. Compared with March 2014, reefer rates are down 4.4 percent. Load-to-truck ratios went down by 7.3 percent to 5.9 from 6.3 in the previous week. Fourteen states have ratios of 12 or more, with seven states west of the Mississippi River.

Flatbed rates went down 3 cents to $2.20. This marks the first decline in rates after five weeks of increases. 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 21.1 loads per truck for flatbeds, a 5.4 percent decrease 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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