Average spot market rates continue to slide

By Land Line staff | 9/24/2015

Spot rate averages for freight were down for two of three modes for the week ending Saturday, Sept. 19. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates decreased by 2 cents to $1.75. Los Angeles and Chicago experienced rates as high as $2.03. Rates for the month of August were down 3.3 percent from the previous month and declined 12 percent since August 2014. Load-to-truck ratios decreased by nearly 20 percent to 1.6 loads per truck. No states are showing ratios of 5.5 or higher as in previous months.

Reefer rates went down a penny to $2.03. Green Bay rates were as high as $2.97. Lakeland, Fla., had the low rates of $1.32. Compared with August 2014, reefer rates are down 11 percent last month. Load-to-truck ratios slipped 15.9 percent to 4.4 loads per truck. Maine and Delaware are the only states with ratios of 12 or more.

Flatbed rates went up a penny to $2.04. Harrisburg, Pa., had a high rate of $3.32. Phoenix marked a low rate of $1.78. Rates are down 3.3 percent for the month and are down 15 percent in the last 12 months. There were 10.2 loads per truck for flatbeds, a decrease of 9.6 percent from the previous week. Eleven states have ratios of 18 or higher, with the vast majority west of the Mississippi River.

Copyright © OOIDA