TransCore's Truckload Rate Index Up in March

Following a three-month decline, truckload rates for refrigerated vans increased 2.2 percent on the spot market in March compared to February, according to TransCore's Truckload Rate Index

by Staff

April 4, 2011

1 min to read

Following a three-month decline, truckload rates for refrigerated vans increased 2.2 percent on the spot market in March compared to February, according to TransCore's Truckload Rate Index.

Compared to March 2010, rates for this segment increased 2.9 percent, 4 cents per mile.

Outbound lanes originating in Chicago and Dallas warmed up reefer rates, which typically rise along with reefer freight volume during the early spring produce season. This year's severe winter weather delayed or reduced produce shipments, particularly from California.

Reefer rates increased gradually throughout the month, while van and flatbed rates on the spot market rose during the first week of March and remained stable through the rest of the month. Van rates were up 4 percent, while flatbed rates rose 2.5 percent compared to February.

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Topics:Economy Fleet Management

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