Last week there was a rebound in van freight volumes — up about 8% — as stores continue to move back-to-school groceries and other merchandise before the Labor Day holiday weekend. Van rates have been dropping at a steady pace all month, but last week the decline slowed, moving just 1¢ lower, to a national average of $2.15/mile. We've now moved from a slight slump to seasonal norms.
Rates continue to build strength in the Midwest and West, while Texas and the Southeast region have been slipping. On the top 100 van lanes last week, 45 lanes were up, 46 declined, and 9 were neutral.
All rates below include fuel surcharges and are based on real transactions between brokers and carriers.
Rates out of Denver took the biggest jump last week, followed by Columbus, Ohio. In the past month, Buffalo and Seattle have been gaining strength, too.
- Columbus to Buffalo rates rocketed up 23¢ to $3.86/mile
- Chicago to Allentown, PA rose 15¢ to $3.04/mile
- Denver to Phoenix increased 18¢ to $1.29/mile
- Seattle to Spokane added 15¢ to $3.67/mile
On other lanes, rates are still high but are they're easing off.
- Seattle to Eugene pulled back 14¢, to $2.96/mile
- Philadelphia to Boston also fell 14¢, to a solid $4.00/mile
- Buffalo to Allentown lost 13¢ to $3.40/mile
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