Posted on 09 Feb, 2016
Categories: Freight Rates
You don't need me to tell you that rates are low right now. February is usually the slowest month on the load board, and when demand for trucks falls, rates do too. But the good news is that there are signs that rates might have finally bottomed out, which means prices could be moving up again soon.
The map above shows how many loads were available per truck in each state. The darker colored states had higher demand for trucks.
Here's a look at what was up and what was down last week. All rates include fuel and are based on real transactions between carriers and brokers.
- Lanes from Denver to Albuquerque, to Oklahoma City, and to Dallas were all up by 17¢ per mile or more
- Denver’s the only big freight market where rates are higher now than they were a month ago
- Seattle to Spokane jumped up 21¢ to $2.44/mile
- Outbound rates from L.A. held steady at $1.81/mile
- Philadelphia to Buffalo rates plummeted 33¢. Rates rose from Buffalo back to Philly, but only by 12¢
- Buffalo to Charlotte lost an average of 17¢ per mile.
- Columbus prices fell back down to where they were before winter weather drove up rates
- Chicago prices also fell, but it still has the highest average outbound rate of any major market at $1.88/mile
- Memphis to Atlanta dropped to $1.83/mile
- Atlanta to Philly also slid to $1.67/mile, but outbound rates in Atlanta were otherwise up for the week
- Houston outbound prices were up 2¢ but only averaged $1.46/mile
Want to see the average prices for the lanes you run? Upgrade to TruckersEdge Enhanced to see rates based on real transactions between brokers and carriers.