Signs of improvement for latest average spot market freight rates

| Wednesday, May 13, 2015

Spot rate averages for freight went up for two of three modes for the week ending Saturday, May 9. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates suffered the only loss at a 1-cent decline to $1.85. Atlanta experienced rates as high as $2.07, surpassing the typically higher rates in Los Angeles. Rates for the month of April were down 3.6 percent from the previous month and declined 7.5 percent since April 2014. Load-to-truck ratios increased 12 percent to 2.8 loads per truck. Six states have a ratio of 5.5 or greater, unchanged from the previous week.

Reefer rates went up 4 cents to $2.16, after staying at $2.12 for three weeks. Green Bay rates were as high as $2.55. Elizabeth, N.J., had the low rates of $1.80, and a 12-cent decrease from the previous week. Compared with April 2014, reefer rates are down 7.0 percent. Load-to-truck ratios increased by 6.2 percent to 5.9 loads per truck. Six states have ratios of 12 or more, unchanged from the week prior.

Flatbed rates went up a penny to $2.18. Harrisburg, Pa., had a high rate of $3.98. Phoenix marked a low rate of $1.77. Rates are down 0.9 percent for the month and 7.3 percent in the last 12 months. There were 20.6 loads per truck for flatbeds, a slight decrease from 20.8 the previous week. More than half of states in the contiguous U.S. have ratios of 18 or higher.

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