Dry Van advertised all in spot rates were up a huge 11 cents at $1.80 relative to last week with 7 out of 8 lanes showing an increase. Unfortunately, I don’t expect a continued move up, more of a bouncing along the bottom for at least a few months, but probably more like 6 months.
EIA Diesel prices were down $0.014 (-0.4%) over the past week to $3.883. $1.688 below the year ago price and down $1.927 (-33.2%) from the all-time weekly high of $5.810 for the week of June 20th of last year.
Loads originating from NE_N_Platte, CA_Fresno, AZ_Flagstaff, OR_Medford, CA_San_Francisco, and CA_Stockton markets had the largest percentage increase in rates.
Loads delivering to SD_Rapid_City, NV_Las_Vegas, NV_Reno, MT_Billings, SC_Charleston, and AZ_Flagstaff markets had the largest percentage increase in rates.
The 6 highest long haul rates were out of TN_Memphis, IA_Cedar_Rapids, AR_Little_Rock, MS_Jackson, MO_Joplin, and MO_Cape_Girardeau markets with an average rate of $1.88, up 5 cents from last week.
The 6 highest long haul lanes were into NH_Bristol, SD_Rapid_City, MT_Billings, WA_Spokane, ME_Augusta, and NY_Brooklyn markets with an average rate of $2.08, up 14 cents from last week.
The 6 lowest long haul rates were out of WA_Spokane, WA_Seattle, OR_Pendleton, OR_Portland, NE_N_Platte, and MA_Boston markets with an average rate of $1.17, up 7 cents from last week.
The 6 lowest long haul rates were into TX_Laredo, TX_McAllen, CA_Ontario, CA_Los_Angeles, CA_San_Diego, and TX_San_Antonio markets at an average of $1.28, up 4 cents from last week.
