In The News

Declining fuel surcharges means declining spot rates

Source: Landline Magazine
Declines in fuel surcharges have led to a decrease in rates for all modalities for the week ending Dec. 20 compared with the prior week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates went down a penny to $2.08. Los Angeles and Chicago experienced rates as high as $2.33 and $2.28, respectively. Rates for the month of November are up 9.6 percent from last year. Load-to-truck ratios dropped 2.1 percent to 3.4 loads per truck. Several states – including Nevada, New Mexico, Ohio and New York – have a load-to-truck ratio greater than 5.5.

Reefer rates also dropped a penny to $2.34 compared with the previous week. Green Bay rates were as high as $3.20, whereas a lower rate of $1.61 hit Lakeland, Fla. Compared with last November, reefer rates are up 17 percent. Load-to-truck ratios went down slightly to 9.6 from 9.7 in the previous week. Nevada, New Mexico, Ohio, New York and several more states had ratios in excess of 12 loads per truck.

Flatbed rates decreased by 2 cents to $2.30. Harrisburg, Pa., had a high rate of $3.96. Phoenix marked a low rate of $2.07. Rates are down 1.7 percent for the month, but are up 10 percent in the last 12 months. There were 13.9 loads per truck for flatbeds, a 1.1 percent increase from last week. As with reefer and van loads, Nevada, New Mexico, Ohio, and New York were among a handful of states with higher ratios of 18 loads per truck or more.

Read More...

Copyright © OOIDA