How much lower will freight rates fall?

Posted: 13 Feb, 2019 by Matt Sullivan


2 Comments

Categories: Rate Trend of the Week

Tags: CarrierOwner-Operator


Has money been a little tighter for your business lately? If you're a small carrier or owner-operator, you're not alone. Freight rates have been in decline since the calendar flipped to 2019. Prices are typically down during this part of winter, but there are signs that rates could thaw soon.

The good news is that volumes have been firming up this month. On the top 100 van lanes, February volumes so far have outpaced both 2017 and 2018, and the number of lanes with higher rates versus lower rates was fairly balanced last week.

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions.


That said, rates out of most of the major markets are well below where they were a month ago. Outbound prices picked up from the Northeast, though. Rates out of both Philadelphia and Allentown, PA, were up 3%.

All rates below include fuel surcharges and are based on real transactions between brokers and carriers.

RISING

  • Philly to Boston jumped up 16¢ to $3.43/mile
  • Allentown to Boston was also up 14¢ to $3.62/mile
  • Out West, Denver to Oklahoma City added 14¢ at $1.38/mile
  • Stockton, CA to Portland, OR, was up 13¢ to $2.63

FALLING

We saw some spikes in prices out of Chicago two weeks ago as a result of that blast of Arctic weather, but those rates started to fall back to earth last week.

  • Chicago to Detroit was down 22¢ at $3.13/mile
  • Chicago to Columbus lost 12¢ at $2.79/mile
  • The lane from Denver to Albuquerque is still one of your best bets for getting out of Colorado, but that lane lost 15¢ last week at $1.88/mile

 

Find loads, trucks and lane-by-lane rate information in DAT load boards, including rates from DAT RateView.

 

Leave your comments

  • profile

    Sherrie

    • 2/15/2019 6:29:29 AM

    Yes, load rates have dropped, but brokers are even taking advantage going even lower. Can’t tell you how many $1,000 linehauls are being brokered for $500 to $600. This is highway robbery, and if truckers are smart, they will refuse these loads. This hurts industry and places owner operators out of business. Scammer brokers need to be cited and removed from the DAT load board when they don’t pay the loads, detention and TONU.

    Reply 
  • profile

    Charles

    • 2/16/2019 6:12:02 AM

    Rates are only from carriers choosing to haul the freight.... Leave it sit in the crap markets and things will correct quickly... Stop letting the customers decide the pricing of YOUR services !

    Reply 
About DAT

DAT operates the largest truckload freight marketplace in North America. Transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights derived from 179 million freight matches in 2017, and a database of $45 billion of market transactions.

The Original Load Board - Trusted Since 1978

The company was established in 1978 as the Dial-A-Truck (DAT) load finder service at Jubitz® truck stop in Portland, OR.

TIA
OOIDA
CSCMP
MATS
  Newsletter Sign Up  
I am a: