Average freight spot rates at a standstill

| Wednesday, May 20, 2015

Spot rate averages for freight were mostly unchanged for the week ending Saturday, May 16. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates remained stagnant at $1.85. Los Angeles experienced rates as high as $2.04, reclaiming its top spot for high rates from Atlanta. 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 decreased by 13.9 percent to 2.4 loads per truck. Six states have a ratio of 5.5 or greater, unchanged from the previous week.

Reefer rates went up a penny to $2.17, the only increase for the week. Lakeland, Fla., rates were as high as $2.56, surpassing typically higher rates in Green Bay. Elizabeth, N.J., had the low rates of $1.78. Compared with April 2014, reefer rates are down 7.0 percent. Load-to-truck ratios increased by 1.9 percent to 6.0 loads per truck. Six states have ratios of 12 or more, unchanged from the week prior.

Flatbed rates went unchanged at $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 19.8 loads per truck for flatbeds, a decrease of 4.0 percent from the previous week. More than half of states in the contiguous U.S. have ratios of 18 or higher.

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