Average freight spot rates starting to show minor improvement

| Wednesday, May 27, 2015

Spot rate averages for freight were up slightly for two of three modes for the week ending Saturday, May 23. 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 for the third consecutive week. Los Angeles experienced rates as high as $2.09, 5 cents higher than the previous week. 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 2.6 percent to 2.3 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 $2.18. Green Bay rates were as high as $2.65, reclaiming its price edge from Lakeland, Fla., from the previous week. Elizabeth, N.J., had the low rates of $1.83. Compared with April 2014, reefer rates are down 7.0 percent. Load-to-truck ratios remained unchanged at 6.0 loads per truck. Six states have ratios of 12 or more, unchanged from the week prior.

Flatbed rates also went up a penny to $2.19. 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 19.6 loads per truck for flatbeds, a decrease of 0.7 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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