Trucking News – US Freight Rates
May 20, 2024 – Courtesy of DAT Trendlines
| May 2024 Freight Rates | |||
| May 20 – May 26 vs. May 13 – May 19 | APr 2024 vs. Mar 2024 | Apr 2024 vs. Apr 2023 | |
| Spot Market Loads | -4.5% | +3.8% | +6.7% |
| Spot Market Capacity | +7.1% | -3.8% | -18.9% |
| Van Load-To-Truck | -7.5% | +13.2% | +38.3% |
| Van Rates (Spot) | -0.1% | -0.8% | -4.0% |
| Flatbed Load-To-Truck | -10.0% | +0.6% | +19.6% |
| Flatbed Rates (Spot) | -0.4% | +0.5% | -6.3% |
| Reefer Load-To-Truck | -20.7% | -0.9% | +23.7% |
| Reefer Rates (Spot) | -1.9% | -1.4% | -3.5% |
| Fuel Prices | -1.2% | -0.5% | -2.4% |
Van Freight Rates – May 20, 2024
DAT.com’s May 19th Trendlines Report shows current national van rate averages are at $2.01 per mile, $0.02 more than the April average.
According to DAT, the highest average van rates are in the Midwest at $2.10 per mile. The lowest average van rates are in the East Coast at $1.74 per mile.
DAT reports the current national load-to-truck ratio is 4.93 loads-to-truck, compared to the April average of 3.54. Ratios are highest in the Southern states. The lowest ratios are in the Northern states.
Reefer Freight Rates – May 20, 2024
Reefer freight rates are averaging $2.40 per mile, $0.07 lower than in April. Reefer rates are highest in the West, averaging $2.47 per mile. The lowest rates are in the Northeast, with an average of $1.90 per mile.
National reefer capacity is at 7.91 loads-to-truck, compared to the April average of 4.78 loads-to-truck.
Current load-to-truck capacity shows reefer demand is highest in the Southern states. The Midwest and Northeast states have the lowest load-to-truck ratios.
Flatbed Freight Rates – May 20, 2024
National average flatbed rates are currently $2.53 per mile, $0.01 higher than the April average.
The Southeast has the highest average flatbed rates at $2.67 per mile. The lowest rates are in the West, with an average of $2.27 per mile.
Nationally, load-to-truck ratios are at 19.40, compared to 18.51 in April. Load ratios are highest in the Southeast. The Midwest has the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of May 20, 2024.
Checking fuel prices, the national average diesel price is $3.79 a gallon compared to $4.02 one month ago and is down $0.09 compared to one year ago.
East Coast diesel prices are averaging $3.90 per gallon. The average price in the Midwest is $3.69 per gallon. California diesel prices are averaging $5.05 per gallon.
| Change from | |||||
| 05/13/24 | 05/20/24 | 05/27/24 | Week Ago | Year Ago | |
| US | 3.996 | 4.061 | 4.015 | -0.046 | -0.101 |
| East Coast (PADD 1) | 4.083 | 4.118 | 4.068 | -0.050 | -0.130 |
| New England (PADD 1A) | 4.305 | 4.305 | 4.311 | +0.006 | -0.229 |
| Central Atlantic (PADD 1B) | 4.271 | 4.272 | 4.241 | -0.031 | -0.245 |
| Lower Atlantic (PADD 1C) | 3.990 | 4.042 | 3.979 | -0.063 | -0.077 |
| Midwest (PADD 2) | 3.949 | 4.011 | 3.965 | -0.046 | -0.062 |
| Gulf Coast (PADD 3) | 3.670 | 3.760 | 3.710 | -0.050 | -0.166 |
| Rocky Mountain (PADD 4) | 3.949 | 4.008 | 3.956 | -0.052 | -0.148 |
| West Coast (PADD 5) | 4.651 | 4.723 | 4.702 | -0.021 | +0.010 |
| West Coast less California | 4.147 | 4.257 | 4.218 | -0.039 | -0.238 |
| California | 5.221 | 5.259 | 5.256 | -0.003 | +0.293 |
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