Dry Van advertised all in spot rates were down 4 cents per mile (-2.3%) to $1.68 relative to last week with only 4 out of 10 lanes showing an increase.
EIA Diesel prices were up slightly $0.018 (0.4%) over the past week to $4.116. $0.985 below the year ago price and down $1.694 (-29.2%) from the all-time weekly high of $5.810 for the week of June 20th of last year. This is the first increase in 10 weeks. Last week’s effective no change, which was the smallest decline in those past 10 weeks, and this week’s increase are driven by OPEC’s cut in oil production.
Loads originating from CA_Fresno, SC_Charleston, NY_Buffalo, NY_Rochester, NC_Charlotte, and SC_Columbia markets had the largest percentage increase in rates.
Loads delivering to SD_Rapid_city, VA_Alexandria, IL_Taylorville, IN_Terre_Haute, MD_Baltimore, and MO_Cape_Girardeau markets had the largest percentage increase in rates.
The 6 highest long haul rates were out of MO_Cape_Girardeau, TN_Memphis, WI_Green_Bay, MS_Jackson, MO_St_Louis, and IL_Taylorville markets with an average rate of $1.93, down 12 cents from last week.
The 6 highest long haul lanes were into SD_Rapid_City, OR_Pendleton, MT_Billings, ID_Twin_Falls, ME_Augusta, and WA_Seattle markets with an average rate of $1.97, down 3 cents from last week.
The 6 lowest long haul rates were out of FL_Miami, OR_Portland, FL_Lakeland, WY_Green_River, WA_Seattle, and UT_Salt_Lake_City markets with an average rate of $1.18, down 2 cents from last week.
The 6 lowest long haul rates were into TX_Laredo, TX_McAllen, WV_Huntington, TX_San_Antonio, OH_Cincinnati, and IL_Joliet markets at an average of $1.24, down 2 cents from last week.