The biggest move in the week ended February 27 was in spot flatbed rates. The national average rate rose 5 cts to $2.35 per mile. It was the third week in a row with an increase. "Capacity in the flatbed market also continues to tighten, as the load-to-truck ratio for flatbeds increased 10% last week," DAT said in its report. The load-to-truck ratio jumped to 70.8 loads per truck from 64.2.
The national average van rate for the week ended February 24 declined 1 ct to $2.14 per mile. DAT reports that it was the seventh consecutive week posting a decline, but noted that prices remain significantly above where they were last year. The load per truck ratio slipped to 6.7 loads per truck.
Average van rates for specific cities highlighted by DAT were Los Angeles, $2.14; Dallas, $1.87; Chicago, $2.64; Atlanta, $2.35; and Philadelphia, $2.08
The national average reefer rate was down 2 cts to $2.43 per mile, but it's still up 56 cts from where it was last year. The reefer load-to-truck ratio nationally was down 3% from the prior week at 9.3 loads per truck.