Dry Van advertised all in spot rates were down 5 cents per mile (-2.6%) to $1.82 relative to last week with less than 4 out of 10 lanes showing an increase. Unfortunately, this continues the rate decline since the January 9th peak of $2.16, down a total of 15.7%.
Over the past two weeks (recall last week was reported late due to the holiday), EIA Diesel prices declined $0.150 to $4.294. $0.190 above the year ago price, but down $1.516 (-26.1%) from the all-time weekly high of $5.810 in June of last year.
Loads originating from NV_Reno, MT_Billings, MT_Missoula, UT_Salt_Lake_City, CO_Grand_Junction, and AZ_Phoenix markets had the largest percentage increase in rates.
Loads delivering to TN_Memphis, OR_Portland, NE_N_Platte, MN_Duluth, WY_Green_River, and WA_Seattle markets had the largest percentage increase in rates.
The 6 highest long haul rates were out of MO_St_Louis, IL_Quincy, IA_Cedar_Rapids, WI_Eau_Claire, IA_Dubuque, and IA_Des_Moines markets with an average rate of $2.18, down 6 cents from last week.
The 6 highest long haul lanes were into ID_Twin_Falls, CO_Denver, WY_Green_River, NH_Bristol, FL_Lakeland, and FL_Miami markets with an average rate of $2.06, down 5 cents from last week.
The 6 lowest long haul rates were out of FL_Miami, FL_Lakeland, OR_Portland, WA_Seattle, WA_Spokane, and OR_Pendleton markets with an average rate of $1.22, down 1 cent from last week.
The 6 lowest long haul rates were into IL_Rockford, TX_Laredo, TX_McAllen, IN_Indianapolis, TX_San_Antonio, and IL_Rock_Island markets at an average of $1.35, same as last week.