Posted on 09 Feb, 2017
Categories: Freight Rates
February is here, so falling prices are to be expected. Still, rates haven’t dropped off as sharply as we’ve seen in the slow seasons of years past, at least not yet. Van rates were still higher last week than they were in February of 2016.
Darker-colored states have higher load-to-truck ratios, meaning that there's less competition for van loads in those states.
Outbound rates in Houston have held up the best in the past month, but Houston also didn’t really see the same spike in prices that we saw in the rest of the country during the retail season. The top 5 markets for van load posts on DAT TruckersEdge last week were Cleveland, Atlanta, Dallas, Houston, and Columbus.
Not a lot of lanes paid better, but a couple did:
- Charlotte to Buffalo was up ▲11¢ for an average of $2.10/mile
- Philadelphia to Charlotte also recovered ▲11¢ to pay $1.48/mile on average, but the headhaul direction from Charlotte to Philadelphia was down to $2.02/mile last week
Again, the silver lining is that rates haven’t fallen sharply, even though rates are down on most lanes. A couple of the biggest drops were on lanes that still pay pretty well for this time of year.
- Buffalo to Allentown, PA, dropped ▼14¢ to $2.50/mile
- Columbus to Buffalo was down ▼12¢ to $2.47/mile
Chicago and Buffalo were the two markets east of the Mississippi where rates were down significantly. The rest of the falling markets were out West.
- Seattle rates have fallen the hardest in the past month, and the lane to Eugene, OR, continued to drift down at $2.08/mile
- The huge Los Angeles market has also seen outbound rates fall ▼9% in the past month
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.