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Spot Reefer Rates Push Higher for Second Week; Van, Flatbeds Dip

Spot rates for refrigerated truckload freight are trending higher in the key produce states of California, Texas and Florida, while cargo volume posted a 10% increase over the past week, according to DAT Solutions.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
March 16, 2016
Spot Reefer Rates Push Higher for Second Week; Van, Flatbeds Dip

 

2 min to read


Spot rates for refrigerated truckload freight are trending higher in the key produce states of California, Texas, and Florida, while cargo volume posted a 10% increase over the past week, according to DAT Solutions and its network of load boards.

The national average reefer rate edged up 1 cent from the previous week to $1.81 per mile, following the same gain the week before. The number of reefer load posts fell 2% while the number truck posts were unchanged. All reported rates include fuel surcharges.

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The load-to-truck ratio dropped 2.5%, resulting in three refrigerated loads for every truck posted on the DAT network.

Rising markets for spot reefer freight included Los Angeles, up 7 cents to $2.30 per mile; McAllen, Texas, up 5 cents to $1.86 per mile; and Lakeland, Fla., up 3 cents to an average of $1.31 per mile.

Meantime, van load posts declined 5% and truck posts increased 1%, causing the van load-to-truck ratio to fall 7% from 1.6 to 1.5 loads per truck.

The national average van rate dipped 1 cent to $1.55 per mile following a 2-cent improvement the week before. Outbound rates rose in Los Angeles, but prices fell in Chicago.

Flatbed load volume rose 4% and capacity declined 5%, increasing the load-to-truck ratio 9% to 16.1. The national average flatbed rate dropped 1 cent to $1.82 per mile. Regionally, spot flatbed freight was strongest in the Southeast, according to DAT.

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Across all three equipment types, the number of available loads and capacity on the spot market was virtually unchanged compared to the previous week, increasing just 0.1% and 0.2%, respectively.

The national average diesel price rose 8 cents to $2.10 a gallon during this time, leading to a 1-cent gain in fuel surcharges for vans and flatbeds.

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