Dry Van advertised all in spot rates were down 9 cents per mile (-4.4%) to $1.95 relative to last week with only 3 out of 10 lanes showing an increase. It has been a very hard 3 weeks with rates dropping 9.7% since peaking at 2.16 in January.
EIA Diesel prices were up $0.018 (0.4%) over the past week to $4.622. $0.776 above the year ago price, but down $1.188 (-20.4%) from the all-time weekly high of $5.810 in June of last year.
Loads originating from NC_Wilson, NV_Reno, NY_Elmira, SC_Charleston, AL_Montgomery, and KS_Hutchinson markets had the largest percentage increase in rates.
Loads delivering to MT_Billing, PA_Philadelphia, PA_Allentown, IL_Quincy, NC_Charlotte, and SC_Greenville markets had the largest percentage increase in rates.
The 6 highest long haul rates were out of IL_Rock_Island, IL_Quincy, ND_Bismarck, IA_Cedar_Rapids, IA_Dubuque, and IA_Des_Moines markets with an average rate of $2.27, down 13 cents from last week.
The 6 highest long haul lanes were into CO_Denver, MT_Missoula, ID_Twin_Falls, FL_Miami, OR_Portland, and WY_Green_River markets with an average rate of $2.20, down 15 cents from last week.
The 6 lowest long haul rates were out of FL_Miami, FL_Lakeland, NM_Albuquerque, OR_Medford, CO_Denver, and OR_Portland markets with an average rate of $1.33, down 5 cents from last week.
The 6 lowest long haul rates were into IN_Indianapolis, TX_Laredo, TX_McAllen, AR_Fayetteville, CA_Ontario, and CA_Los_Angeles markets at an average of $1.42, down 4 cents from last week.