March 12, 2024 – Courtesy of DAT Trendlines
March 2024 Freight Rates |
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Mar 04 – Mar 10 vs. Feb 26 – Mar 03 | Feb 2024 vs. Jan 2023 | Feb 2024 vs. Feb 2023 | |
Spot Market Loads | +9.3% | -28.2% | -11.9% |
Spot Market Capacity | +9.6% | +5.0% | -2.1% |
Van Load-To-Truck | -7.5% | -41.1% | -8.5% |
Van Rates (Spot) | -1.1% | -3.8% | -8.6% |
Flatbed Load-To-Truck | +5.7% | +2.5% | -15.8% |
Flatbed Rates (Spot) | +0.0% | +0.4% | -8.4% |
Reefer Load-To-Truck | +5.6% | -45.4% | -9.1% |
Reefer Rates (Spot) | -1.5% | -5.8% | -6.8% |
Fuel Prices | -0.9% | +4.9% | -8.4% |
Van Freight Rates – March 12, 2024
DAT.com’s March 10th Trendlines Report shows current national van rate averages are at $2.01 per mile, ¢5 lower than the February average.
According to DAT, the highest average van rates are in the Midwest at $2.28 per mile. The lowest average van rates are in the East Coast at $1.89 per mile.
DAT reports the current national load-to-truck ratio is 2.74 loads-to-truck, compared to the February average of 2.82. Ratios are highest in the East Coast states. The lowest ratios are in the North and West Coast states.
Reefer Freight Rates – March 12, 2024
Reefer freight rates are averaging $2.33 per mile, ¢9 lower than in February. Reefer rates are highest in the Midwest, averaging $2.71 per mile. The lowest rates are in the Northeast, with an average of $2.15 per mile.
National reefer capacity is at 4.54 loads-to-truck, compared to the February average of 4.44 loads-to-truck.
Current load-to-truck capacity shows reefer demand is highest in the Southern states. The Midwest states have the lowest load-to-truck ratios.
Flatbed Freight Rates – March 12, 2024
National average flatbed rates are currently $2.49 per mile, ¢1 higher than the February average.
The Midwest has the highest average flatbed rates at $2.72 per mile. The lowest rates are in the West, with an average of $2.18 per mile.
Nationally, load-to-truck ratios are at 16.93, compared to 13.65 in February. Load ratios are highest in the Southeast. The Southwest has the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of March 12, 2024.
Checking fuel prices, the national average diesel price is $4.00 a gallon compared to $4.11 one month ago and is down ¢24 compared to one year ago.
East Coast diesel prices are averaging $4.12 per gallon. The average price in the Midwest is $3.91 per gallon. California diesel prices are averaging $5.21 per gallon.
Change from | |||||
2/26/24 | 3/04/24 | 3/11/24 | Week Ago | Year Ago | |
US | 4.058 | 4.022 | 4.004 | -0.018 | -0.243 |
East Coast (PADD 1) | 4.185 | 4.151 | 4.120 | -0.031 | -0.240 |
New England (PADD 1A) | 4.314 | 4.296 | 4.287 | -0.009 | -0.444 |
Central Atlantic (PADD 1B) | 4.324 | 4.311 | 4.309 | -0.002 | -0.390 |
Lower Atlantic (PADD 1C) | 4.120 | 4.077 | 4.033 | -0.044 | -0.163 |
Midwest (PADD 2) | 3.961 | 3.919 | 3.913 | -0.006 | -0.181 |
Gulf Coast (PADD 3) | 3.768 | 3.731 | 3.702 | -0.029 | -0.296 |
Rocky Mountain (PADD 4) | 3.999 | 4.006 | 3.992 | -0.014 | -0.439 |
West Coast (PADD 5) | 4.692 | 4.653 | 4.651 | -0.002 | -0.247 |
West Coast less California | 4.227 | 4.152 | 4.166 | +0.014 | -0.372 |
California | 5.225 | 5.228 | 5.207 | -0.021 | -0.105 |
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