Dry Van advertised all in spot rates were down 6 cents per mile (-3.3%) to $1.78 relative to last week with about 4 out of every 9 lanes showing an increase. Another brutal week.
EIA Diesel prices were down $0.057 (-1.4%) over the past week to $4.128. $1.057 below the year ago price and down $1.682 (-29.0%) from the all-time weekly high of $5.810 for the week of June 20th of last year. Or said different diesel, assuming 6.5 mpg, costs $0.259 cheaper per mile than it did when diesel was at its high.
Loads originating from TN_Chattanooga, TX_San_Antonio, NY_Rochester, NY_Buffalo, ND_Fargo, and OK_Tulsa markets had the largest percentage increase in rates.
Loads delivering to LA_New_Orleans, KY_Louisville, MO_Joplin, SD_Sioux_Falls, WY_Green_River, and OK_Tulsa markets had the largest percentage increase in rates.
The 6 highest long haul rates were out of ND_Bismarck, ND_Fargo, IA_Dubuque, MN_Minneapolis, IL_Rock_Island, and WI_Eau_Claire markets with an average rate of $2.18, up 2 cents from last week. (This gain is driven by ND_Bismarck, remove it and it drops 4 cents per mile.)
The 6 highest long haul lanes were into NH_Bristol, CO_Denver, OR_Pendleton, WY_Green_River, NE_North_Platte, and ID_Twin_Falls markets with an average rate of $2.02, down 11 cents from last week.
The 6 lowest long haul rates were out of FL_Miami, FL_Lakeland, OR_Portland, WA_Seattle, WY_Green_River, and OR_Medford markets with an average rate of $1.20, unchanged from last week.
The 6 lowest long haul rates were into TX_Laredo, TX_McAllen, TX_San_Antonio, IN_Indianapolis, NE_Omaha, and MI_Grand_Rapids markets at an average of $1.30, unchanged from last week.