Rates keep rising on spot market

Oct. 25, 2011
Based on data from TransCore Freight Solutions’ Truckload Rate Index, dry van rates on the spot market were up 0.9% this week over the previous week. Rates for refrigerated vans (reefers) gained 1.3% while flatbed rates rose a meager 0.3%

Based on data from TransCore Freight Solutions’ Truckload Rate Index, dry van rates on the spot market were up 0.9% this week over the previous week. Rates for refrigerated vans (reefers) gained 1.3% while flatbed rates rose a meager 0.3%.

Lanes with the highest dry van rate increases included a 1.6% uptick for outbound freight from Los Angeles, Stockton, CA, and Columbus, OH, with Chicago’s outbound lanes not far behind with 1.5% week-over-week increase. The L.A. climb was in part due to a pickup in freight activity at the city’s international port, signaling the arrival of consumer goods for the holiday retail season.

Denver, however, proved the biggest loser, as outbound lane rates for dry vans dropped 3.5%.

The five major markets – Chicago, Dallas, Denver, L.A. and Philadelphia – each saw an increase in reefer rates, contributing to an upward national trend.

Although nationally flatbed rates showed a slight uptick, rates from Philadelphia and Chicago declined 9.9% and 2.4% week-over-week, respectively. TransCore noted, however, that as fall weather gives way to winter and construction slows, flatbed rates historically decline.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...