Spot market demand has already exploded in June. Last week was the annual inspection blitz, Roadcheck, which typically leads to tighter capacity and higher rates because a lot of truckers take that week off. And of the drivers who do work, a lot lose driving time due to the inspections. This year, capacity was already tight from Memorial Day week, so the Roadcheck effect was even more pronounced.

Freight rates were relatively calm back when the full enforcement of the ELD mandate went into effect on April 1, as conditions had already settled into what’s feeling like the "new normal." But tighter capacity has pushed rates skyward in the last three weeks. Roadcheck made it even harder to find trucks last week. For instance, truck load posts on DAT load boards were up 27% last week compared to the previous week. That fits what you'd normally expect to see when comparing a 5-day work week to a holiday-shortened week with just 4 business days. But even with the extra day, there were the same number of truck posts, week over week.

As a result, national average rates for each equipment type were the highest they've been since January, when the spot market was first adjusting to the ELD mandate. Of the top 100 van lanes, rates rose on 81 of them.

van6318.jpeg

Basically every major van freight market not named “Seattle” had higher rates last week, especially Houston, Columbus, and Buffalo. Demand was hot for freight moving into the Midwest, with inbound volumes for Chicago and Indianapolis near record levels. Los Angeles continues to gain strength, and outbound rates in Stockton, CA have risen 17% in the past month

All rates below include fuel surcharges and are based on real transactions between brokers and carriers. 

Rising

  • The lane from Stockton to Portland, OR, surged 33¢ to an average of $3.49/mile
  • Memphis to Indianapolis jumped up 25¢ to $3.08/mile, unprecedented for this lane
  • Columbus to Chicago rose 22¢ to $2.62/mile, also unprecedented

Some unusual rates out of Houston:

  • Houston to Dallas was up 25¢ to $2.97/mile (Dallas to Houston edged up to $3.03/mile as well)
  • Houston to Atlanta added 23¢ at $2.47/mile

Falling

Only a couple lanes fell double-digit cents: 

  • Denver to Oklahoma fell 10¢ to $1.44/mile on soft volumes
  • Seattle to Spokane also dropped 10¢ but still averaged $3.20/mile

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.net/promo717 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.

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Matt Sullivan

Matt Sullivan is the editor of DAT Carrier News. He has more than 10 years of journalism experience.

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