Spot TL Rates Hold Steady

The number of available loads on the spot truckload market fell 3.9% during the week ending August 6 while rates held steady despite a reduction in the average fuel surcharge, reported DAT Solutions.

The national average diesel price dipped another 3 cents to $2.32/gallon compared to the previous week, which led to a 1-cent fuel surcharge loss.

REEFERS: Demand for reefer trucks was up as the back-to-school grocery season and late summer harvests both picked up steam.

The national average spot reefer rate remained at $1.93/mile as the number of reefer load posts increased 4% while truck posts were unchanged. The reefer load-to-truck ratio was 5.3 loads per truck.

Northern reefer-freight markets are showing strength: rates jumped 14 cents to $1.80/mile out of Elizabeth, N.J., last week as fruit and vegetable harvests in rural New Jersey and Pennsylvania contributed to an increase in demand. Elsewhere, regional markets with highest average rates held steady compared to the previous week:

– Southeast: Atlanta, $2.29/mile, up 3 cents
– West: Los Angeles, $2.48/mile, up 2 cents
– Midwest: Green Bay, $2.47/mile, up 2 cents
– South Central: McAllen, Texas, $1.74/mile, down 3 cents
– Northeast: Philadelphia, $2.29/mile, up 2 cents.

Category: Featured