Posted on 10 Jan, 2017
Categories: Freight Rates
The steady rise we've been seeing with reefer rates came to a halt last week after matching June peaks in the previous week. Of the top 72 reefer lanes, prices fell on 52 of them. Rates are still 4% higher than a month ago, so not all the momentum was lost.
Darker-colored states have higher load-to-truck ratios, meaning that there's less competition for reefer loads in those states.
Reefer volumes kept climbing in Nogales, AZ, with Mexican produce crossing the border.
Rates below include fuel surcharges and are based on real transactions between carriers and brokers.
Not many. Rates rose ▲20¢ to $1.83/mile on the lane from Philadelphia to Miami. There was a big drop-off in Miami, which contributed to the higher southbound rates.
This year’s Super Bowl will be in Houston, and lots of beer ships out of Denver. Put two and two together, and you get a ▲33¢ price hike on the lane from Denver to Houston, which averaged $1.95/mile last week
Lots of sharp declines last week. Chicago to Denver plunged ▼86¢ to $2.11/mile
Several short-term spikes fizzled out last week:
- Miami to Baltimore was back down to pre-Christmas levels at $1.72/mile
- Same for Lakeland, FL to Baltimore, down ▼20¢ to $1.81/mile
- Dallas to Phoenix fell back down ▼42¢ to $1.30/mile
- The reefer lane from Elizabeth, NJ, to Boston was elevated during the Christmas season, and it came back down ▼38¢ to $3.50/mile. That’s still a high rate, but traffic and weather makes travel difficult on that lane, plus there’s not much freight coming out of Boston.
See what other truckers got paid on the lanes you run by signing up for TruckersEdge Enhanced. You'll see the average prices paid on more than 65,000 lanes, based on real transactions between brokers and carriers. To add rates to your TruckersEdge subscription, call 866.487.8253.