Trucking News – US Freight Rates
August 12, 2024 – Courtesy of DAT Trendlines
| August 2024 Freight Rates | |||
| Aug 05 – Aug 11 vs. Jul 29 – Aug 04 | Jul 2024 vs. Jun 2024 | Jul 2024 vs. Jul 2023 | |
| Spot Market Loads | -12.7% | -7.0% | +5.9% |
| Spot Market Capacity | +1.5% | +6.5% | -10.6% |
| Van Load-To-Truck | -14.5% | -11.5% | +14.9% |
| Van Rates (Spot) | -1.0% | +0.1% | -0.2% |
| Flatbed Load-To-Truck | -18.1% | -18.9% | +25.4% |
| Flatbed Rates (Spot) | -0.8% | -1.3% | -2.4% |
| Reefer Load-To-Truck | -8.5% | -7.3% | +19.8% |
| Reefer Rates (Spot) | -0.7% | +0.0% | +0.4% |
| Fuel Prices | 0% | 2.4% | -1.9% |
Van Freight Rates – August 12, 2024
DAT dot com’s August 12th Trendlines Report shows current national van rate averages are at $2.02 per mile, $0.08 less than the July average.
According to DAT, the highest average van rates are in the Midwest at $2.16 per mile. The lowest average van rates are in the Northeast at $1.79 per mile.
DAT reports the current national load-to-truck ratio is 3.79 loads-to-truck, compared to the July average of 4.18. Ratios are highest in the Southern and West Coast states. The lowest ratios are in the Northern states.
Reefer Freight Rates – August 12, 2024
Reefer freight rates are averaging $2.39 per mile, ¢8 lower than in July. Reefer rates are highest in the Midwest, averaging $2.59 per mile. The lowest rates are in the Northeast, with an average of $2.06 per mile.
National reefer capacity is at 6.32 loads-to-truck, compared to the July average of 6.52 loads-to-truck.
Current load-to-truck capacity shows reefer demand is highest in the Southern states. The North and Northeast states have the lowest load-to-truck ratios.
Flatbed Freight Rates – August 12, 2024
National average flatbed rates are $2.44 per mile, $0.08 less than the July average.
The Southeast has the highest average flatbed rates at $2.59 per mile. The lowest rates are in the West, with an average of $2.21 per mile.
Nationally, load-to-truck ratios are at 9.19, compared to 11.89 in July. Load ratios are highest in the Southeast. The Northern states have the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of August 12, 2024.
Checking fuel prices, the national average diesel price is $3.70 a gallon compared to $3.83 one month ago and is down $0.67 compared to one year ago.
East Coast diesel prices are averaging $3.78 per gallon. The average price in the Midwest is $3.68 per gallon. California diesel prices are averaging $4.76 per gallon.
| Change from | |||||
| 07/29/24 | 08/05/24 | 08/12/24 | Week Ago | Year Ago | |
| US | 3.768 | 3.755 | 3.704 | -0.051 | -0.674 |
| East Coast (PADD 1) | 3.844 | 3.830 | 3.778 | -0.052 | -0.624 |
| New England (PADD 1A) | 4.089 | 4.073 | 4.058 | -0.015 | -0.312 |
| Central Atlantic (PADD 1B) | 4.028 | 3.991 | 3.961 | -0.030 | -0.538 |
| Lower Atlantic (PADD 1C) | 3.751 | 3.742 | 3.681 | -0.061 | -0.690 |
| Midwest (PADD 2) | 3.727 | 3.729 | 3.681 | -0.048 | -0.636 |
| Gulf Coast (PADD 3) | 3.468 | 3.436 | 3.371 | -0.065 | -0.724 |
| Rocky Mountain (PADD 4) | 3.718 | 3.702 | 3.697 | -0.005 | -0.697 |
| West Coast (PADD 5) | 4.370 | 4.356 | 4.309 | -0.047 | -0.777 |
| West Coast less California | 3.968 | 3.951 | 3.913 | -0.038 | -0.797 |
| California | 4.831 | 4.821 | 4.763 | -0.058 | -0.755 |
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