Spot Truckload Freight Rates Level Off Following Gains, Declines
Spot truckload freight rates appear to have stabilized after flatbeds trended slightly higher the past few weeks while vans and reefers moved downward, according to new figures from the freight matching service provider DAT Solutions.
Spot truckload freight rates appear to have stabilized after flatbeds trended slightly higher the past few weeks while vans and reefers moved downward, according to new figures from the freight matching service provider DAT Solutions.
This also happened as overall freight volume also steadied for the week ending Feb. 18, as the number of available loads increased 4% and truck capacity fell 1.2% compared to the previous week.
Ad Loading...
The national average flatbed rate was unchanged at $1.96 per mile, but still 5 cents higher than three weeks earlier. Both vans and reefers each declined 1 cent from the week before, coming in at a national average of $1.62 per mile and $1.88 per mile, respectively. Compared to three weeks earlier vans are down 7 cents per mile and reefers lost 9 cents.
All reported rates include fuel surcharges. The average price of on-highway diesel edged up a penny to $2.57 per gallon last week.
With little change in rates, load-to-truck ratios were up, but only a little for each trailer type last week:
Van: 2.5 loads per truck, up 4%
Refrigerated: 4.7 loads per truck, up 0.1%
Flatbed: 26.9 loads per truck, up 9%. Flatbed load posts increased 7% last week while truck posts declined 2%
The number of van load posts increased 3% last week while van posts dipped 1%. While the national average van rate fell, 46 of the top 100 van lanes had higher rates last week compared to 41 that paid less. Thirteen lanes were neutral. Average outbound rates in major markets were mixed:
Ad Loading...
Dallas, $1.49 per mile, up 2 cents
Atlanta, $1.83 per mile, unchanged
Philadelphia, $1.57 per mile, up 2 cents
Chicago, $1.93 per mile, up 2 cents
Los Angeles, $1.86 per mile, down 2 cents
Several van lanes fell due to an influx of reefer capacity, according to DAT, as low demand in the reefer market had reefer carriers competing for van freight last week.
Reefer load and truck posts increased less than 1% last week, which kept the national load-to-truck close to where it was the week before
Regionally, winter crops in Florida boosted outbound rates from Lakeland by more than 4% to an average of $1.40 per mile. Warm weather also aided rates on lanes where some commodities suddenly needed protection from heat:
Philadelphia-Boston paid 18 cents better on average at $3.46 per mile
Grand Rapids-Cleveland rose 29 cents to $3.31 per mile
Denver-Houston paid 16 cents better at $1.77 per mile
Ad Loading...
Warmer weather had the opposite effect on lanes where some commodities suddenly didn’t need protection from freezing:
Green Bay-Minneapolis was down 22 cents to $1.89 per mile
Grand Rapids-Philadelphia fell 18 cents to $2.70 mile
Mack Financial Services has introduced the Rolling Asset Program, offering physical damage insurance for all makes and models within a customer's fleet.
A new partnership brings free wireless ELD service plus load optimization and dispatch planning tools to fourth- and fifth-generation Freightliner Cascadia customers, with broader model availability planned through 2026.
This white paper examines how advanced commercial vehicle diagnostics can significantly reduce fleet downtime as heavy duty vehicles become more complex. It shows how Autel’s CV diagnostic tools enable in-house troubleshooting, preventive maintenance, and faster repairs, helping fleets cut emissions-related downtime, reduce dealer dependence, and improve overall vehicle uptime and operating costs.
The $283 million acquisition of FirstFleet makes Werner the fifth-largest dedicated carrier and pushes more than half of its revenue into contract freight.
B2X Rewards is a new, gamified rewards program aimed at driving deeper engagement across BBM’s digital platforms, newsletters, events, and TheFleetSource.com.
Cargo theft losses hit $725 million last year. In this HDT Talks Trucking Short Take video, Scott Cornell explains how a bill moving in Congress could bring federal tracking, enforcement, and prosecutions to help address the problem.