Van Rates Hold at $2.01

The average spot van rate on DAT load boards was unchanged at $2.01 per mile during the week ending Nov. 1.

This is the third straight week the average van rate has been unchanged. Van rates have been above $2.00 per mile for most of 2014.

The average reefer rate was down a penny (-0.4%) to $2.26 per mile and the flatbed rate dropped 3 cents (-1.3%) to $2.35 per mile compared to the previous week.

Regionally, the average outbound van rate from Los Angeles increased 6 cents to $2.37 per mile due to continued port congestion and difficulty accessing rail services.

Average van rates remain strong from Dallas ($1.82 per mile, down 1 cent), Columbus, Ohio ($2.26 per mile, up 5 cents), and Atlanta ($2.03 per mile, up 3 cents).

In the Northeast, the average rate from Buffalo jumped 8 cents to $2.11 per mile.

Overall demand for van, refrigerated, and flatbed loads on DAT load boards slipped 1.2% and available capacity fell 4.4%. The number of available van loads declined 1.9% while capacity was off 0.9%.

The van load-to-truck ratio held steady at 2.6, meaning there were 2.6 van loads posted for every van available on DAT load boards last week.

Source: DAT Solutions

Category: Featured, General Update