January 2022 Freight Rate & Trucking Update
Current Freight Rates – January 2022
January 20, 2022
The four elements that affect the trucking market show inbound container shipments are up. Load volume is up, truck capacity is down, and fuel prices are up.
Cass Information Systems has released the Transportation Index Report for December. Cass reports the shipments component grew to 7.7% year over year compared to 4.5% in November.
The Cass Truckload Linehaul Index fell 1.5 points in December but is up 8.0% year over year. Cass reports strong freight demand and tight truck capacity continue to be the order of the day.
Trucking News – US Freight Rates
Jan 19, 2022 – Courtesy of DAT Trendlines
January 2022 Freight Rates |
|||
| Jan 10 – Jan 16 vs Jan 03 – Jan 09 | Dec 2021 vs Nov 2021 | Dec 2021 vs Nov 2020 | |
| Spot Market Loads | +1.1% |
+13.7% | +48.4% |
| Spot Market Capacity | +20.8% | -10.5% | +6.9% |
| Van Load-To-Truck | -18.9% | +25.9% | +35.2% |
| Van Rates (Spot) | +2.9% | +2.5% | +21.8% |
| Flatbed Load-To-Truck | -1.4% | +36.3% | +27.3% |
| Flatbed Rates (Spot) | +1.3% | +0.8% | +24.1% |
| Reefer Load-To-Truck | -33.7% | +17.6% | +64.6% |
| Reefer Rates (Spot) | +2.0% | +0.9% | +29.9% |
| Fuel Prices | +1.2% | -2.3% | +40.9% |
DAT’s January 19th Trendlines Report shows current national van rate averages are at $3.13 per mile, a $.14 increase from the December average. According to DAT, the highest average van rates are in the West at $3.42 per mile. The lowest average van rates are in the Southwest at $2.79 per mile.
DAT reports the current national load-to-truck ratio is 9.66 loads to truck, compared to the December 26th average of 6.04. Ratios are high throughout much of the country. The lowest ratios are in the great lakes and New England states.
Van Freight Rates – January 19, 2022
Reefer freight rates are averaging $3.60 per mile, up $.13 from the December average. Reefer rates are highest in the West, averaging $3.91 per mile, and the lowest rates are in the Southeast, with an average of $3.14 per mile.
National reefer capacity is at 21.46 loads to truck, compared to the December 26th average of 15.26. Current load-to-truck capacity shows reefer demand is high in much of the country. The lowest ratios are in the Great Lakes and mid-Atlantic states.
Reefer Freight Rates – January 19, 2022
National average flatbed rates are currently averaging $3.12 per mile, $.05 higher than the December average. The Midwest has the highest average flatbed rates at $3.37 per mile; the lowest rates are in the West, with an average of $2.93 per mile. Nationally, load-to-truck ratios are at 86.54, compared to 53.75 on December 26th. Load ratios remain high throughout the country. For more details, visit Dat.com.
Flatbed Freight Rates – January 19, 2022
Turning to fuel prices, the latest Energy Information Administration data shows the national average diesel price is at $3.73 per gallon, an $.08 increase from one month ago. Regional diesel prices range from $3.46 in the gulf coast states to $3.88 in the central Atlantic region. California diesel prices are averaging $4.79 per gallon.
*Diesel fuel price map as of December 13, 2021.
| Change from | |||||
| 11/29/21 | 12/06/21 | 12/13/21 | Week Ago | Year Ago | |
| US | 3.720 | 3.674 | 3.649 | -0.025 | +1.090 |
| East Coast (PADD 1) | 3.684 | 3.658 | 3.633 | -0.025 | +1.030 |
| New England (PADD 1A) | 3.666 | 3.654 | 3.643 | -0.011 | +1.036 |
| Central Atlantic (PADD 1B) | 3.845 | 3.824 | 3.811 | -0.013 | +1.009 |
| Lower Atlantic (PADD 1C) | 3.586 | 3.556 | 3.521 | -0.035 | +1.050 |
| Midwest (PADD 2) | 3.602 | 3.536 | 3.512 | -0.024 | +1.034 |
| Gulf Coast (PADD 3) | 3.454 | 3.402 | 3.372 | -0.030 | +1.065 |
| Rocky Mountain (PADD 4) | 3.824 | 3.780 | 3.758 | -0.022 | +1.202 |
| West Coast (PADD 5) | 4.450 | 4.416 | 4.398 | -0.018 | +1.325 |
| West Coast less California | 4.032 | 3.992 | 3.970 | -0.022 | +1.219 |
| California | 4.818 | 4.789 | 4.775 | -0.014 | +1.433 |
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