Truckload capacity remained tight during the first week of 2019, and national average rates increased 3¢ for vans, reefers, and flatbeds. However, rates declined on many of the highest volume lanes, so increases in the national averages could be temporary. Lower diesel prices and declining fuel surcharges may also counteract future rate increases.

Load posts on the DAT Load Board were up 18% last week compared to the week before, though, and truck posts were up 11%. That pushed the load-to-truck ratio up 6%, signaling that demand outpaced truckload capacity.

van1230.png

Van Trends

In the top 100 van lanes last week, rates moved higher on 41, while prices fell on 53 lanes. The other six held steady.

Rising

The three largest price increases last week came out of Denver. Denver is a big beer producing market, with both large production breweries and smaller craft brewers shipping beer in vans and reefers. It's possible that the NFL playoff games and college bowl games increased demand from bars, restaurants and grocery stores.

  • Denver to Albuquerque jumped 28¢ to $2.35/mile
  • Denver to Oklahoma City gained 21¢ to $1.41/mile
  • Denver to Chicago added 20¢ to $1.52/mile

Elsewhere, the sharpest increase in freight activity were in Texas, where both Dallas and Houston look strong. In fact, van trends from Houston are much stronger than flatbed trends.  There may be shipments of support supplies needed prior to construction materials for the oilfields and pipelines.

Falling

Seattle rates continue to fall seasonally, slipping another 4% lower last week. Also, Allentown, PA, and Philadelphia declined, as e-commerce season has mostly subsided for now.

  • Seattle to Eugene, OR dropped 40¢ to $2.61/mile
  • Columbus to Buffalo was down 39¢ to $3.28/mile – still a decent rate 
  • Atlanta to Philadelphia declined 20¢ to $2.31/mile.

Reefer Trends

The national average reefer rate increased to $2.47/mile. On the top reefer lanes, 24 moved higher and 46 were lower — mainly because of the spike in rates from the previous week, which included Christmas. Football also seems to be impacting reefer demand. The Super Bowl is in Atlanta this year, on the first weekend in February, and lanes to Dallas (Cowboys) and Philadelphia (Eagles) were among the leaders in rate increases.

Rising

Nogales, AZ has been hot for freight, as well as Lakeland in central Florida.

  • The lane from Nogales to Dallas surged 61¢ to $3.38/mile
  • Nogales to Brooklyn NY jumped 44¢ to $3.08/mile
  • Last week the lane from Atlanta to Philadelphia rose 50¢ to $3.19/mile

reefer1230.png

Falling

  • Green Bay to Des Moines plunged 73¢ lower to $2.22/mile
  • Miami to Baltimore slipped 75¢ to a more-normal $2.13/mile
  • McAllen to Atlanta slid 36¢ to $3.00/mile, but expect that lane to hold up as the Super Bowl approaches in Atlanta

Freightliner’s Team Run Smart is partnering with DAT to offer a special on the TruckersEdge load boardto its members. Sign up for TruckersEdge today and get your first 30 days free by signing up at www.truckersedge.com/378402 or entering “promo717” during sign up
* This offer is available to new TruckersEdge subscribers only

About TruckersEdge®, powered by DAT®

TruckersEdge® Load Board is part of the trusted DAT® Load Board Network. DAT offers more than 68 million live loads and trucks per year. Tens of thousands of loads per day are found first or exclusively on the DAT Network through TruckersEdge.

This article was originally featured on DAT.com.

Read These Next...

BUSINESS Smart

What I didn’t know

January 15, 2019

BUSINESS Smart

BUSINESS Smart

It's Not Rocket Science

January 11, 2019

Comment ()


This blog post does not have any comments. Be the first!

SUBSCRIBE

Sign up to get the latest trucking tips and tricks!

ADD ME

Ask a question

ASK A QUESTION

Post a question to our forum and a Pro will answer as well as our community members!

GO TO THE BUSINESS Smart FORUM

Keep Reading BUSINESS Smart Articles

BUSINESS Smart

What I didn’t know

January 15, 2019

BUSINESS Smart

BUSINESS Smart

It's Not Rocket Science

January 11, 2019

BUSINESS Smart

BUSINESS Smart

UCR 2019 Green Lighted

January 07, 2019

BUSINESS Smart

Replacing Your IFTA Decals

January 06, 2019

About Pat Pitz

Pat Pitz is the editor of the DAT Solutions freight broker newsletter. He has nearly 20 years experience as a professional writer and editor. Before joining DAT, he spent 8 years at a Portland advertising and public relations agency, where he wrote newsletters and other content for a variety of high-profile clients, including several in the trucking industry.

View Full Bio and All Posts by Pat Pitz