Average spot freight rates are up for all three modes

| Wednesday, June 10, 2015

Spot rate averages for freight were up for all three modes for the week ending Saturday, June 6. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates increased by 5 cents to $1.90 after four weeks at $1.85. Los Angeles and Atlanta experienced rates as high as $2.17. Rates for the month of May were down 0.5 percent from the previous month and declined 6.6 percent since May 2014. Load-to-truck ratios increased by 20 percent to 3.0 loads per truck. Three states – Alabama, Georgia and South Carolina – have a ratio of 5.5 or greater, unchanged from the previous week.

Reefer rates went up 4 cents to $2.23. Green Bay rates were as high as $2.70, 5 cents higher than the previous week. Elizabeth, N.J., had the low rates of $1.86. Compared with May 2014, reefer rates are down 6.0 percent. Load-to-truck ratios rose 39 percent to 7.3 loads per truck. Four states have ratios of 12 or more, unchanged from the week prior.

Flatbed rates went up a penny to $2.19. Harrisburg, Pa., had a high rate of $3.48, unchanged when compared to the previous week. Phoenix marked a low rate of $1.91. Rates are up 0.5 percent for the month but are down 7.2 percent in the last 12 months. There were 30.0 loads per truck for flatbeds, an increase of 31 percent from the previous week. Half of all states in the contiguous U.S. have ratios of 18 or higher.

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