Van Rate Nears Record High
Capacity pressure eased during the week ending June 14 as spot truckload freight availability dipped 0.7% and the number of available trucks increased 12%, according to DAT Solutions.
The national average load-to-truck ratio fell 13% to 10.1, meaning there were 10.1 van, refrigerated, and flatbed loads posted for every truck available on DAT load boards.
The national average van rate added 2 cents (1.1%) to $2.07 per mile (including fuel surcharge), as the rate approached the all-time high of $2.10 per mile set in March.
At the same time, the number of posted van loads fell 0.7% while van capacity increased 14% compared to the previous week.
Further, the van load-to-truck ratio was down 13% to 4.2. The national average reefer rate rose 3 cents to $2.41 per mile on the strength of Western markets including Los Angeles ($3.10 per mile, up 7 cents) and Fresno ($2.46 per mile, a 13-cent jump).
Average outbound rates from Florida continued to cool, including Lakeland dropping 30 cents to $2.26 per mile.
Category: General Update
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