Fuel Prices

Percent Change: +2.8%

Fuel Price: $2.88 /gallon

Freight markets still reeling from historic storms

National Spot Rates: Van, Flatbed, Reefer

Spot volumes hit record levels

Feb 22 – 28 – With our first major winter storm event in the post-ELD era in the books, the impact on truckload capacity was evident, as many carriers struggled to rebalance their networks last week. National average spot rates are around the same levels we’d normally see during the post-Christmas holiday break when many drivers take time off to be with their families. The 2021 polar vortex event created similarly tight capacity, driving up spot rates in the process.

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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.

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