- The national van rate average for the week ended March 3 was $2.14 per mile, flat from the prior week and the first week it had not declined in seven weeks. “Van rates may be ready to rebound,” DAT said in its summary of rates.
- As far as specific cities, van rates in Los Angeles were unchanged at $2.14; up 2 cts in Dallas to $1.89; up 3 cts in Chicago to $2.67; up 5 cts in Atlanta at $2.40; and down 10 cts in Philadelphia to $2.08.
- One statistic cited for that view of a possible rebound: the strong flatbed market, where the load-to-truck ratio for flatbeds was almost 80 to 1, which DAT described that as a record high. In response, the average flatbed rate jumped to $2.39 from $2.35.
- Spot reefer rates declined 3 cts to $2.40. Despite the decrease, DAT said “load volume is on the rise.”
- In a blog posting from Monday, DAT said that freight brokers set records in load volume and revenue in January, which enabled them to post a positive net operating profit for the month “that is unusual for the season.” “The record revenue was fueled by a 41% increase in the number of loads moved, with 26% more revenue per load, compared to January 2017,” the blog said. “Costs rose faster than revenues, however, adding 70% to labor expense and 24% to non-labor expense, as freight brokers invested in personnel and technology to prepare for business growth.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now