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Current Freight Rates

Current Freight Rates – September 2018

September 11, 2018

September Freight Rates – Rates Increase for Vans & Reefers

DAT.com is reporting that van rates were up 6 cents and reefer shipments were up 8 cents compared to the August average. Flatbed rates dropped 2 cents per mile nationally.

September 2018 Freight Rates

Sep 2-8 vs Aug 26-Sept 1 Aug 2018 vs. July 2018 Aug 2018 vs Aug 2017
Spot Market Loads -11% -7.1% +27%
Spot Market Capacity -13% +10% +18%
Van Load-To-Truck +9.4% -8.8% +29%
Van Rates (Spot) +2.8% -5.7% +20%
Flatbed Load-To-Truck +0.8% -36% -0.8%
Flatbed Rates (Spot) -0.8% -4.3% +21%
Reefer Load-To-Truck -10% +1.4% -9.1%
Reefer Rates (Spot) +3.2% -3.9% +20%
Fuel Prices +0.8% -0.5% +24%

*source dat.com

Last week, demand for spot market loads heading toward the Mid-Atlantic were up in an effort to get ahead of Hurricane Florence.

For the first week of September, van rates were up 6 cents with a national average of $2.20 per mile. Load-to-truck ratios were higher due to the short Labor Day holiday week.

Reefer rates also increased by 8 cents with a national average of $2.57 per mile. However, the national load-to-truck ratio for reefers saw a slight decline.

Flatbed rates dropped again this month and are now at an average of $2.62 per mile. The rates seem to vary greatly across the country with the lowest near Phoenix with an average of $1.95 per mile and the highest toward the Northeast at almost $4 per mile.

Diesel prices went up slightly over the last month. On September 10, the EIA reported the national average price per gallon was at $3.25 compared to $3.20 on August 20.

For more information on current freight trends, as well as up-to-date news about the trucking industry, visit the trucking news and information page.

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