Current Freight Rates – July 2023

July 25, 2023

Trucking News – US Freight Rates

August 04, 2023 – Courtesy of DAT Trendlines 

July 2023 Freight Rates
	Jul 24 – Jul 30 vs. Jul 17 – Jul 23	Jul 2023 vs. Jun 2023	Jul 2023 vs. Jul 2022
Spot Market Loads	+7.6%	-24.7%	-53.6%
Spot Market Capacity	-5.7%	-17.4%	-9.5%
Van Load-To-Truck	+16.0%	-0.3%	-32.9%
Van Rates (Spot)	+0.2%	-0.5%	-21.6%
Flatbed Load-To-Truck	+8.7%	-26.5%	-67.4%
Flatbed Rates (Spot)	+0.2%	-2.9%	-22.5%
Reefer Load-To-Truck	+15.9%	-2.3%	-48.4%
Reefer Rates (Spot)	+0.9%	-2.2%	-18.8%
Fuel Prices	+0.0%	+0.0%	+0.0%

Van Freight Rates – July 25, 2023

DAT.com’s July 20th Trendlines Report shows current national van rate averages are at $2.09 per mile, the same as the June average.

According to DAT, the highest average van rates are in the Midwest at $2.19 per mile. The lowest average van rates are in the Northeast at $1.79 per mile.

DAT reports the current national load-to-truck ratio is 2.60 loads-to-truck, compared to the June average of 2.59. Ratios are highest in the Southwest and west coast states. The lowest ratios are in the Northwest.

Reefer Freight Rates – July 25, 2023

Reefer freight rates are averaging $2.45 per mile, a $.04 decrease from the June average. Reefer rates are highest in the West, averaging $2.59 per mile. The lowest rates are in the Northeast, with an average of $1.99 per mile.

National reefer capacity is at 3.71 loads-to-truck, compared to the June average of 3.83 loads-to-truck.

Current load-to-truck capacity shows reefer demand is highest in the Southeast and Southwest states. The East coast and Rustbelt states have the lowest load-to-truck ratios.

 

Flatbed Freight Rates – July 25, 2023

National average flatbed rates are currently $2.55 per mile, $.05 lower than the June average.

The Southeast has the highest average flatbed rates at $2.69 per mile; the lowest rates are in the West, with an average of $2.29 per mile.

Nationally, load-to-truck ratios are at 7.92, compared to 9.68 in June. Load ratios are highest in the Southeast and Pacific Northwest. The Midwest has the lowest load-to-truck ratios. For more details, visit Dat.com.

*Diesel fuel price map as of August 04, 2023.

Checking fuel prices, the national average diesel price is $3.81 a gallon compared to $3.82 one month ago and is down $1.63 compared to one year ago.

East Coast diesel prices are averaging $3.88 per gallon. The average price in the Midwest is $3.73 per gallon. California diesel prices are averaging $4.85 per gallon.

Change from
	07/17/23	07/24/23	07/31/23	Week Ago	Year Ago
US	3.806	3.905	4.127	+0.222	-1.011
East Coast (PADD 1)	3.879	3.971	4.153	+0.182	-1.028
New England (PADD 1A)	4.081	4.100	4.161	+0.061	-1.302
Central Atlantic (PADD 1B)	4.092	4.148	4.291	+0.143	-1.227
Lower Atlantic (PADD 1C)	3.779	3.893	4.101	+0.208	-0.926
Midwest (PADD 2)	3.726	3.814	4.105	+0.291	-1.003
Gulf Coast (PADD 3)	3.506	3.640	3.831	+0.191	-0.970
Rocky Mountain (PADD 4)	3.927	3.974	4.127	+0.153	-1.054
West Coast (PADD 5)	4.465	4.555	4.753	+0.198	-1.050
West Coast less California	4.131	4.217	4.401	+0.184	-0.998
California	4.848	4.944	5.158	+0.214	-1.108

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