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 Rates (Spot)||+2.8%||-5.7%||+20%|
|Flatbed Rates (Spot)||-0.8%||-4.3%||+21%|
|Reefer Rates (Spot)||+3.2%||-3.9%||+20%|
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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