Market Weekly

Week of January 16, 2023

CloudTrucks’ data scientists analyze market rates and activity on a continual basis to provide insight into high-paying, top-quality loads.

At a Glance

Dry Van RPM

Dry van rate per mile trending upDry van rate per mile trending downDry van rate per mile neutral
$2.11

EIA Diesel Price

Diesel price trending downDiesel price trending upDiesel price neutral
$4.52

Dry Van advertised all in rates were down 5 cents per mile (-2.3%) to $2.11 relative to last week with 1 out of 3 lanes showing an increase.

EIA Diesel prices were down $0.025 (-0.5%) over the past week to $4.524. Still $0.799 above year ago price, but down $1.286 (-22.1%) from the all time weekly high of $5.810 in June of last year.

Largest Percentage Increase in Rates

Loads originating from ND_Bismarck, WV_Huntington, CO_Denver, KY_Bowling_Green, NY_Brooklyn, and IN_Evanston markets had the largest percentage increase in rates.

Loads delivering to WV_Charleston, WV_Huntington, NV_Las_Vegas, AZ_Flagstaff, TX_Amarillo, and MI_Saginaw markets had the largest percentage increase in rates.

Top ten lanes by rate per mile (RPM) increase.

6 Highest Long Haul Rates

The 6 highest long haul rates were out of MO_Cape_Girardeau, IN_Evanston, KY_Bowling_Green,  MO_St_Louis, IA_Cedar_Rapids, and IL_Taylorville markets with an average rate of $2.62, up 9 cents from last week.

The 6 highest long haul lanes were into FL_Miami, MT_Billings, CO_Denver, SD_Rapid_City, NH_Bristol, and MT_Missoula markets with an average rate of $2.49, up 1 cent from last week.

Dry Van RPM by origin and destination market.

6 Lowest Long Haul Rates

The 6 lowest long haul rates were out of FL_Miami, FL_Lakeland, OR_Portland, OR_Medford, WA_Seattle, and FL_Tallahassee markets with an average rate of $1.38, down 3 cents from last week.

The 6 lowest long haul rates were into CA_Los_Angeles, CA_Ontario, TX_McAllen, CA_San_Diego, TX_Laredo, and IL_Joliet markets at an average of $1.53, down 2 cents from last week.

Start driving with CloudTrucks!

Have questions? Give us a call at (469) 250-1214