Refrigerated van rates climb in mid-August

Aug. 30, 2011
Refrigerated van rates rose 3.3% on the spot market nationwide in the seven days ending August 17, 2011, according to TransCore’s Truckload Rate Index.

Refrigerated van rates rose 3.3% on the spot market nationwide in the seven days ending August 17, 2011, according to TransCore’s Truckload Rate Index.

The week-over-week increase in reefer rates followed an increase in reefer load volume on the company’s DAT Network of load boards. Reefer rates and freight volume increased in produce markets across the United States, signaling the potential for bumper fruit and vegetable crops that should continue to drive freight activity through mid-September. The only declining markets include southern Florida and southern Texas, where severe heat and a prolonged drought have reduced produce yields.

Dry van rates remained stable week-over-week, despite a 5.7% dip in load volume. Rates are adhering to seasonal trends with a slow decline after June’s peak, followed by week-over-week stability, according to Truckload Rate Index. Van rates are expected to pick up with upcoming seasonal demand for consumer goods, plus a boost in produce-growing regions due to crops that do not require temperature-controlled equipment.

Access www.transcore.com for more information.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

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