Dry Van advertised all in spot rates were down 8 cents per mile (-4.1%) to $1.85 relative to last week with only 4 out of 10 of lanes showing an increase. It has been a very hard 5 weeks with rates dropping 14.4% since the January peak of $2.16.
EIA Diesel prices were down $0.083 (-2.1%) over the past week to $4.444. $0.425 above the year ago price, but down $1.366 (-23.5%) from the all-time weekly high of $5.810 in June of last year.
Loads originating from OH_Toledo, OR_Pendleton, NV_Reno, PA_Erie, NE_N_Platte, OH_Cleveland, and WA_Spokane markets had the largest percentage increase in rates.
Loads delivering to WA_Seattle, NC_Charlotte, SD_Rapid_City, IN_Evansville, MN_St_Cloud, and SC_Charleston markets had the largest percentage increase in rates.
The 6 highest long haul rates were out of WI_Green_Bay, MN_Duluth, IL_Taylorville, ND_Bismarck, MO_St_Louis, and ND_Fargo with an average rate of $2.26, down 2 cents from last week.
The 6 highest long haul lanes were into SD_Rapid_City, MT_Billings, OR_Pendleton, WA_Spokane, and ID_Twin_Falls markets with an average rate of $2.22, down 2 cents from last week.
The 6 lowest long haul rates were out of OR_Portland, FL_Miami, FL_Lakeland, OR_Medford, NM_Albuquerque, and WA_Seattle markets with an average rate of $1.20, down 7 cents from last week.
The 6 lowest long haul rates were into KY_Lexington, OH_Cincinnati, MI_Saginaw, KY_Louisville, TX_Laredo, and TX_McAllen markets at an average of $1.39, down 5 cents from last week.
Have questions? Give us a call at (469) 250-1214