Average spot market freight rates still declining

Maria

Diet Coke
Staff member
Spot rate averages failed to increase for all three freight modes for the week ending Saturday, May 2. This is compared with the previous week, according to DAT Solutions, which operates the DAT network of load boards.

Van rates dropped a penny to $1.86. Los Angeles experienced rates as high as $2.07, unchanged from the previous week. Rates for the month of April were down 3.6 percent from the previous month and declined 7.5 percent since April 2014. Load-to-truck ratios decreased 2.8 percent to 2.5 loads per truck. Six states have a ratio of 5.5 or greater, one fewer than the week prior.

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