March 28, 2023 – Courtesy of DAT Trendlines
February 2023 Freight Rates
|Mar 20 – Mar 26 vs. Mar 13 – Mar 19||Feb 2023 vs Jan 2023||Feb 2023 vs Feb 2022|
|Spot Market Loads||-9.7%||-17.4%||-70.2%|
|Spot Market Capacity||+3.8%||-9.7%||+16.4%|
|Van Rates (Spot)||-1.4%||-5.3%||-27.0%|
|Flatbed Rates (Spot)||+0.4%||-1.6%||-14.9%|
|Reefer Rates (Spot)||-1.5%||-6.6%||-26.1%|
Van Freight Rates – March 23, 2023
DAT.com’s March 21st Trendlines Report shows current national van rate averages are at $2.20 per mile, a $.06 decrease from the February average.
According to DAT, the highest average van rates are in the Midwest at $2.47 per mile. The lowest average van rates are in the West at $2.01 per mile.
DAT reports the current national load-to-truck ratio is 2.08 loads to truck, compared to the February 21st average of 2.47. Ratios are highest in the Southeast states. The lowest ratios are in the southwest.
Reefer Freight Rates – March 23, 2023
Reefer freight rates are averaging $2.54 per mile, an $.08 decrease from the February average. Reefer rates are highest in the Midwest, averaging $2.99 per mile. The lowest rates are in the Southeast, with an average of $2.33 per mile.
National reefer capacity is at 3.13 loads to truck, compared to the February 21st average of 3.47 loads to truck.
Current load-to-truck capacity shows reefer demand is highest in the Southeast. The southwest has the lowest load-to-truck ratios.
Flatbed Freight Rates – March 23, 2023
National average flatbed rates are currently $2.73 per mile, $.02 higher than the February average.
The Midwest has the highest average flatbed rates at $3.01 per mile; the lowest rates are in the West, with an average of $2.28 per mile.
Nationally, load-to-truck ratios are at 16.51, compared to 13.97 on February 21st. Load ratios are highest in the northern plains and Pacific Northwest. The Southwest has the lowest load to truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of March 23, 2023.
Checking fuel prices, the national average diesel price is $4.19 a gallon compared to $4.38 one month ago and is down $.95 compared to one year ago.
The highest average prices are in the New England states at $4.66 a gallon, the lowest are in the gulf coast states at $3.93 per gallon. California diesel prices are averaging $5.26 per gallon.
|03/13/23||03/20/23||03/28/23||Week Ago||Year Ago|
|East Coast (PADD 1)||4.360||4.309||4.241||-0.068||-1.008|
|New England (PADD 1A)||4.731||4.657||4.611||-0.046||-0.698|
|Central Atlantic (PADD 1B)||4.699||4.647||4.551||-0.096||-0.849|
|Lower Atlantic (PADD 1C)||4.196||4.148||4.087||-0.061||-1.058|
|Midwest (PADD 2)||4.094||4.021||3.974||-0.047||-1.020|
|Gulf Coast (PADD 3)||3.998||3.930||3.882||-0.048||-1.090|
|Rocky Mountain (PADD 4)||4.431||4.350||4.231||-0.119||-0.813|
|West Coast (PADD 5)||4.898||4.862||4.803||-0.059||-1.071|
|West Coast less California||4.538||4.515||4.488||-0.027||-0.914|
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