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truckers life
DAT Trendlines™
powered by DAT iQ
Fuel Prices
Percent Change: +0.3%
Fuel Price: $3.3 /gallon
Spot rates surge in the lead-up to July 4th celebrations
National Spot Rates: Van, Flatbed, Reefer
Tight truckload capacity leads to record highs
June 28 – July 4 – What goes up must come down at some stage, and with spot rates cresting the 2021 halfway mark at all-time highs, the market is bracing itself for a possible post-July 4 crash in spot rates. Except for 2020, rates typically fall immediately after Independence Day and summer vacation season begins in earnest. There are signs that drivers are coming back to the industry after 24,500 new transportation jobs were added in June, but capacity is still tight.
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Trendlines shows a weekly snapshot of the month-to-date for national average rates from DAT RateView. National average spot market rates for the past four months, including fuel surcharges, are shown in the three graphs, above.
Trucking Success partners with DAT to offer a special on the TruckersEdge Load Board to its members. Sign up for TruckersEdge today and get your first 30 days free by signing up at www.truckersedge.com/374122. This offer is available to new TruckersEdge subscribers only.
POWER from DAT One is the industry’s most advanced load board, with powerful tools for advanced filtering, group collaboration, automatic refreshes, multiple searching and posting simultaneously, partner research tools, and market-leading rate tools. Get your first 30 Days Free on DAT! Sign up here: www.dat.com/power/374122
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