Van Rates Are Up Big on 4 Lanes
Here are some of last week’s hot spots, where rates changed the most.
All rates include fuel surcharges and are based on real transactions between carriers and brokers.
Darker colored states above have higher load-to-truck ratios, meaning there’s less competition for van freight in those states.
Northbound loads boosted the Charlotte market, which finally caught up to where it was before Memorial Day.
- Charlotte to Allentown, PA, surged ▲31¢ and paid an average of $2.58/mile
- One backhaul lane heading back into Charlotte also paid a lot better: Philly to Charlotte rates added ▲17¢ to $1.31/mile
- Memphis to Dallas went up to $2.05/mile
Since there are a lot of loads heading to the Northeast, it also means that a lot of trucks there are looking for loads out. That led to falling prices on a handful of lanes.
- Buffalo rates took the biggest hit last week, despite strong volumes
- Buffalo to Allentown dropped ▼17¢ to $2.28/mile
- Philadelphia to Buffalo also lost ▼12¢ and paid $2.00/mile on average
Freight is still strong in Southern California.
- The lane from L.A. to Phoenix paid ▲14¢ better last week at $2.61/mile
- Seattle and Denver are usually tough places to find loads, but last week they got worse. Load-to-truck ratios fell to just 0.6 loads per truck
- Seattle to Eugene, OR, has been one of the better options for getting out of Seattle, but that lane fell ▼19¢ last week to $1.91/mile
Columbus and Chicago have been on a big upswing this month but both stalled a bit last week. A bright spot was the lane from Columbus to Buffalo, which was up ▲17¢ to a strong $2.76/mile.
No big rate changes outbound from Texas last week. Prices rose slightly in Houston and fell a little out of Dallas.
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