You’d expect a 20-25 percent increase in load board activity after a holiday-shortened week. However, the number of posted loads was up 36 percent during the week ending June 11, according to DAT Solutions, which operates the MembersEdge load board.
Truck posts were up, too, by only 12 percent.
That made it another good week to find freight, as load-to-truck ratios for vans, reefers, and flatbeds jumped substantially:
Van L/T ratio: 3.1 loads per truck (up 23 percent)
Reefer: 5.9 (up 29 percent)
Flatbed: 20.3 (up 10 percent)
National average rates:
Reefer: 5.9 (up 29 percent)
Flatbed: 20.3 (up 10 percent)
National average rates:
Van: $1.61/mile.Down a penny despite increases in average rates in major markets.
Reefer: $1.94/mile. Up 1 cent driven by higher rates out of California, the Northeast, and Midwest.
Flatbed: $1.93/mile.Unchanged. A 1-cent drop in the line-haul rate was offset by a 1-cent increase in the fuel surcharge.
Roadcheck effect: We’ve seen rates rise during the annual Roadcheck inspection blitz before; capacity falls as some truckers prefer to take those days off while others have downtime forced upon them.
Reefer: $1.94/mile. Up 1 cent driven by higher rates out of California, the Northeast, and Midwest.
Flatbed: $1.93/mile.Unchanged. A 1-cent drop in the line-haul rate was offset by a 1-cent increase in the fuel surcharge.
Roadcheck effect: We’ve seen rates rise during the annual Roadcheck inspection blitz before; capacity falls as some truckers prefer to take those days off while others have downtime forced upon them.
Where the rates are (van edition): Rates rose sharply on the top 100 van lanes last week as demand for vans fell just 4 percent instead of the 20 percent drop expected during a four-day work week. Consumer goods are moving through the retail supply chain and the added freight is driving rates up. Key movers:
Memphis to Dallas gained 18 cents to $1.88/mile.
The average outbound rate in Columbus, Ohio, is up nearly 10 percent over the past four weeks. Columbusto Allentown, Pa., paid 15 cents better last week at $2.47/mile.
Rates from Houston (the No. 2 van market on DAT MembersEdge) were generally stronger but the lane from Houston toLos Angeles lost 14 cents to just $1.05/mile. That’s one of the top lanes for rail intermodal, so it’s difficult for trucks to compete on price.
Backhaul basics: When head-haul rates rise, the backhaul lane rates tend to drop. For example, van loads from Phoenix toDenver are paying 18 cents more in June so far than they did in May, but the backhaul from Denver to Phoenix dropped to just 95 cents/mile. When you're negotiating for a high-paying load, check the rate for the return trip and make sure the roundtrip average is going to work for you.
The average outbound rate in Columbus, Ohio, is up nearly 10 percent over the past four weeks. Columbusto Allentown, Pa., paid 15 cents better last week at $2.47/mile.
Rates from Houston (the No. 2 van market on DAT MembersEdge) were generally stronger but the lane from Houston toLos Angeles lost 14 cents to just $1.05/mile. That’s one of the top lanes for rail intermodal, so it’s difficult for trucks to compete on price.
Backhaul basics: When head-haul rates rise, the backhaul lane rates tend to drop. For example, van loads from Phoenix toDenver are paying 18 cents more in June so far than they did in May, but the backhaul from Denver to Phoenix dropped to just 95 cents/mile. When you're negotiating for a high-paying load, check the rate for the return trip and make sure the roundtrip average is going to work for you.
Reefer trends: In California, vegetables and tree fruit are moving now with grapes coming soon (and this year could be a record harvest), and reefer rates there are making big gains. By region, spot rates for notable reefer markets include:
West: Fresno, Calif., $2.21/mile, up 8 cents. Los Angeles jumped 11 cents to $2.59/mile.
Midwest: Green Bay, Wisc., $2.49/mile, up 8 cents
South Central: McAllen, Texas, $1.86/mile, down 3 cents
Southeast: Atlanta, $2.22/mile, up 6 cents. Nearly all the lanes out of Florida lost traction. Lakeland to Charlotte made the biggest drop, down 24 cents to $1.66/mile
Northeast: Philadelphia, $2.19/mile, up 4 cents
Rates are derived from DAT RateView, which provides real-time reports on prevailing spot market and contract rates, as well as historical rate and capacity trends. All reported rates include fuel surcharges.
Midwest: Green Bay, Wisc., $2.49/mile, up 8 cents
South Central: McAllen, Texas, $1.86/mile, down 3 cents
Southeast: Atlanta, $2.22/mile, up 6 cents. Nearly all the lanes out of Florida lost traction. Lakeland to Charlotte made the biggest drop, down 24 cents to $1.66/mile
Northeast: Philadelphia, $2.19/mile, up 4 cents
Rates are derived from DAT RateView, which provides real-time reports on prevailing spot market and contract rates, as well as historical rate and capacity trends. All reported rates include fuel surcharges.
Get the latest rate trends at DAT.com/Trendlines or join the conversation on Twitter with @LoadBoards. Look for more information about load availability and rates at OOIDA’s MyMembersEdge.com, and listen in each Wednesday to Land Line Now for more talk about where to find profitable freight.
Special to Land Line
Special to Land Line
No comments:
Post a Comment