Reefer spot market rates
With summer harvests wrapping up, the average spot market rate for refrigerated freight slid 9 cents to $2.11 per mile. In the West, rates rose in just three major reefer markets: Sacramento National average spot market rates for the past four months, including fuel surcharges, are shown in the three graphs, above. Get Trendlines updates SPECIAL OFFER: Free 50-Lane Look Up - Benchmark your rates against $68 billion in actual transactions. Rate Tools in DAT Load Boards Market rates on the lanes you search. View average lane rates, starting at just $49.95/mo; Tools allow you to make quick pricing decisions; Compare offer and bid rates to the current market; Demand and capacity maps The average reefer load-to-truck ratio was 10.1 in June, meaning there were 10.1 available loads for every truck on the spot market. Rates are high because there’s been so much demand for capacity. While no U.S. market had more than 1 million outbound refrigerated load posts in 2017, three markets are on pace to cross that threshold in 2018. As a result, the average reefer spot market rate fell on 71 of the top 72 reefer lanes by volume. The sole riser was Grand Rapids, Mich, to Madison, Wis. Miami to Atlanta dropped 9 cents to $1.50 and Atlanta to Miami lost 5 cents to $2.76. At least these lanes are shorter hauls, the weather is decent, and you can find loads.
Reefer freight rates are averaging $2.13 per mile, an 11 cent decrease from one month ago. Midwest reefer rates are highest at $2.55 per mile, and lowest in the Northeast, with an average of $1.92 per mile.
Reefer spot rates from Ontario to Las Vegas were at $3.92 per mile over the past seven days, up from $3.72 in March and $3.83 in February. Reefers from Ontario to Seattle brought $2.89 per mile over the past seven days, up from $2.65 in March and $2.58 in February. June is on track for the highest ever national averages for rates in each equipment type tracked — van, reefer and flatbed. Spot market rates are also higher than contract rates for all three trailer types, meaning brokers are paying more than shipper-direct contract rates for comparable hauls on average. Reefer rates were also on the rise out of Los Angeles, with the average price on the lane to Denver hitting $3.62 per mile. Not so hot: Florida markets are sliding from the spring peak. For example, rates on the lane from Miami to Elizabeth, N.J., tumbled 40 cents to an average of $2.49 per mile. Reefer markets. With summer harvests wrapping up, the average spot market rate for refrigerated freight slid 9 cents to $2.11 per mile. Spot market rates differ from contract rates in that they are not fixed, so they fluctuate from day to day, much more quickly than contract rates. The fluctuation in rates depends on a variety of economic and logistical factors, most particularly load-to-truck ratio.
Reefer markets. With summer harvests wrapping up, the average spot market rate for refrigerated freight slid 9 cents to $2.11 per mile.
12 Mar 2019 Spot market freight rates returned to seasonal norms in February. trade, and dry van and refrigerated ("reefer") freight rates and volumes fell
Reefer Load-To-Truck, +33.2%, -26.8%, +4.0% National average spot market rates for the past four months, including fuel surcharges, are shown in the three
Reefer spot rates from Ontario to Las Vegas were at $3.92 per mile over the past seven days, up from $3.72 in March and $3.83 in February. Reefers from Ontario to Seattle brought $2.89 per mile over the past seven days, up from $2.65 in March and $2.58 in February. June is on track for the highest ever national averages for rates in each equipment type tracked — van, reefer and flatbed. Spot market rates are also higher than contract rates for all three trailer types, meaning brokers are paying more than shipper-direct contract rates for comparable hauls on average. Reefer rates were also on the rise out of Los Angeles, with the average price on the lane to Denver hitting $3.62 per mile. Not so hot: Florida markets are sliding from the spring peak. For example, rates on the lane from Miami to Elizabeth, N.J., tumbled 40 cents to an average of $2.49 per mile. Reefer markets. With summer harvests wrapping up, the average spot market rate for refrigerated freight slid 9 cents to $2.11 per mile.
Extra charges for delivery to terminal markets, multi-pickup and multi-drop Rates are based on the most usual loads in 48-53 foot refrigerated trailers from the
And despite these companies not representing the same truckload volumes as the more traditional brick and mortar retailers responsible for more than 80% of holiday merchandise, DAT noted they “create more urgency on the spot market.” Van and reefer rates each saw $0.12 cent per mile increases in December, with vans at $1.94 and reefers at $2.30. Reefer freight rates are averaging $2.13 per mile, an 11 cent decrease from one month ago. Midwest reefer rates are highest at $2.55 per mile, and lowest in the Northeast, with an average of $1.92 per mile. At $2.66 per mile, the national average spot reefer rate was 18 cents higher month over month and 71 cents higher compared to January 2017. As with vans, the reefer rate was higher than any monthly average since at least 2010, when DAT began tracking spot market freight rates in DAT RateView. Last week, the national average reefer rate hit its highest mark in three years at $2.40 per mile, and the market has looked more like June than November.
14 Feb 2020 TCI Business Capital presents the February current freight rates and trucking industry update. Spot Market Capacity, +0.0%, +16.3%, +3.6% Current load- to-truck capacity shows reefer demand is highest through the 30 Jan 2020 National average spot rates, January (through Jan. 26). Van: $1.90 per mile, down 4 cents from the December average. Reefer: $2.27 per mile, An increase in spot rates is a sign that demand from shippers and freight brokers is picking up. However, the market is still looking for traction. Small spot market improvements occurring at typical seasonal rates low point · business As rates fell further, the national average reefer load-to-truck ratio was