Dry Van advertised all in spot rates were up 2 cents per mile (1.1%) to $1.87 relative to last week with 50% of lanes showing an increase. Finally, an up week after 5 down weeks.
EIA Diesel prices have not yet been reported due to holiday, but diesel is expected to have dropped a bit since oil (WTI) dropped -$2.27 (-2.87%) a barrel to $76.76 a barrel over the last week.
Loads originating from FL_Lakeland, LA_Shreveport, FL_Miami, TX_Texarkana, NE_N_Platte, and NM_Albuquerque markets had the largest percentage increase in rates.
Loads delivering to TN_Knoxville, KY_Bowling_Green, TN_Nashville, CT_Hartford, MA_Boston, and MA_Springfield markets had the largest percentage increase in rates.
The 6 highest long haul rates were out of ND_Bismarck, ND_Fargo, IL_Taylorville, MO_St_Louis, SD_Sioux_Falls, and IA_Cedar_Rapids with an average rate of $2.23, down 3 cents from last week.
The 6 highest long haul lanes were into MT_Missoula, MT_Billings, NH_Bristol, ME_Augusta, CO_Denver, and WA_Spokane markets with an average rate of $2.13, down 9 cents from last week.
The 6 lowest long haul rates were out of FL_Miami, FL_Lakeland, OR_Portland, OR_Medford, WA_Seattle, and WA_Spokane markets with an average rate of $1.23, up 3 cents from last week.
The 6 lowest long haul rates were into TN_Memphis, KY_Lexington, MO_Cape_Girardeau, TX_Laredo, TX_McAllen, and IL_Rockford markets at an average of $1.35, down 4 cents from last week.
