Spot Market Van Rates Near Record High
June 18, 2014
U.S. van rates on the spot market are approaching their highest level on record, according to the freight matching service provider DAT.
They increased 1.1% during the second week in June compared to the first week, for an average of $2.07 per mile, with it made up of $1.59 per mile for the linehaul charge and 48 cents for the fuel surcharge.
Reefers posted a slightly larger hike, 1.3% for an average of $2.41 per mile, while flatbeds slipped 0.8% to $2.42 per mile.
This happened at the number of total spot market loads available fell by 0.7% and truck capacity increased 12%.
Load-to-truck ratios in all three of the major freight categories fell by 4.8% or greater, with it coming in at 4.2 for vans, while remaining at unusually high levels for flatbeds and reefers, 48.5 and 11.1, respectively.