Reefer Rates Fall, but Slower Than Usual
Reefer load volumes continued to drop seasonally, especially in Southern California. Reefer prices are also lower than they were in June, but that’s normal for this time of year. The good news is it’s happening slower than it did in 2015.
Below is a look at some of the biggest price changes for spot market reefer freight last week.
All rates include fuel surcharges and are based on real transactions between carriers and brokers.
Darker-colored states have higher load-to-truck ratios, meaning that there’s less competition for reefer loads in those states.
Chicago reefer volumes have been building up for a while, and outbound rates finally started to improve last week.
- Chicago to Atlanta paid ▲14¢ more for an average of $2.20/mile
- Green Bay to Minneapolis rose ▲14¢, to $1.90/mile
- Reefer rates and volumes were up slightly in Dallas
- Southern California lagged, but volume is rising in Sacramento. Hopefully that’ll lead to some higher rates this week
Rates are still falling out of Florida, and California prices have also started tapering off.
- Lakeland, FL to Charlotte rates plunged ▼28¢ to just $1.18/mile. The lane from Lakeland to Atlanta also lost ▼16¢
- Atlanta to Philadelphia lost another ▼17¢, to $2.36/mile
- Outbound rates slipped across the board in Los Angeles, Fresno, and Ontario, but prices are otherwise holding up pretty well
- L.A. to Portland, OR lost ▼18¢, but it’s still paying an average of $2.43/mile
- Fresno to Denver dropped ▼14¢ to $2.42/mile