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Trucking News – US Freight Rates
July 16, 2024 – Courtesy of DAT Trendlines
July 2024 Freight Rates | |||
Jul 08 – Jul 14 vs. Jul 01 – Jul 07 | Jun 2024 vs. May 2024 | Jun 2024 vs. Jun 2023 | |
Spot Market Loads | +68.6% | -9.4% | -8.4% |
Spot Market Capacity | +19.2% | -9.4% | -26.9% |
Van Load-To-Truck | +38.8% | +7.5% | +34.9% |
Van Rates (Spot) | -1.1% | +1.7% | -1.1% |
Flatbed Load-To-Truck | +56.5% | -18.5% | +9.7% |
Flatbed Rates (Spot) | +0.4% | -0.5% | -4.1% |
Reefer Load-To-Truck | +27.8% | +11.9% | +28.2% |
Reefer Rates (Spot) | -2.6% | +0.8% | -1.9% |
Fuel Prices | -1.4% | -2.6% | -2.1% |
Van Freight Rates – July 16, 2024
DAT dot com’s July 15th Trendlines Report shows current national van rate averages are at $2.10 per mile, $0.04 more than the June average.
According to DAT, the highest average van rates are in the Midwest and West at $2.15 per mile. The lowest average van rates are in the North East at $1.77 per mile.
DAT reports the current national load-to-truck ratio is 4.71 loads-to-truck, compared to the June average of 4.72. Ratios are highest in the Southern and West Coast states. The lowest ratios are in the Northern states.
![Average van freight rates as of February 21 2023](https://i0.wp.com/getscalefunding.com/wp-content/uploads/2024/05/Avg-Van-Rates-2.jpg?resize=1024%2C692&ssl=1)
Reefer Freight Rates – July 16, 2024
Reefer freight rates are averaging $2.47 per mile, $0.03 higher than in June. Reefer rates are highest in the West, averaging $2.62 per mile. The lowest rates are in the Northeast, with an average of $1.93 per mile.
National reefer capacity is at 7.06 loads-to-truck, compared to the June average of 7.03 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.
![Average United States reefer freight rates as of February 21 2023](https://i0.wp.com/getscalefunding.com/wp-content/uploads/2024/07/Avg-Reefer-Rates.png?resize=1024%2C692&ssl=1)
Flatbed Freight Rates – July 16, 2024
National average flatbed rates are currently $2.52 per mile, $0.01 more than the June average.
The Southeast has the highest average flatbed rates at $2.66 per mile. The lowest rates are in the West, with an average of $2.25 per mile.
Nationally, load-to-truck ratios are at 13.96, compared to 14.65 in June. Load ratios are highest in the Southeast. The Midwest has the lowest load-to-truck ratios. For more details, visit Dat.com.
![Average United States flatbed freight rates as of February 21, 2023](https://i0.wp.com/getscalefunding.com/wp-content/uploads/2024/05/Avg-Flatbed-Rates-2.jpg?resize=1024%2C692&ssl=1)
*Diesel fuel price map as of July 16, 2024.
Checking fuel prices, the national average diesel price is $3.83 a gallon compared to $3.77 one month ago and is down $0.02 compared to one year ago.
East Coast diesel prices are averaging $3.91 per gallon. The average price in the Midwest is $3.75 per gallon. California diesel prices are averaging $4.93 per gallon.
![Average diesel fuel prices by region as of February 20 2023](https://i0.wp.com/getscalefunding.com/wp-content/uploads/2024/05/fuel-rates-4.jpg?resize=1024%2C692&ssl=1)
Change from | |||||
07/01/24 | 07/08/24 | 07/15/24 | Week Ago | Year Ago | |
US | 3.813 | 3.865 | 3.826 | -0.039 | +0.020 |
East Coast (PADD 1) | 3.898 | 3.934 | 3.908 | -0.026 | +0.029 |
New England (PADD 1A) | 4.096 | 4.101 | 4.109 | 0.008 | +0.028 |
Central Atlantic (PADD 1B) | 4.076 | 4.087 | 4.067 | -0.020 | -0.025 |
Lower Atlantic (PADD 1C) | 3.812 | 3.861 | 3.829 | -0.032 | +0.050 |
Midwest (PADD 2) | 3.729 | 3.803 | 3.745 | -0.058 | +0.019 |
Gulf Coast (PADD 3) | 3.549 | 3.598 | 3.551 | -0.047 | +0.045 |
Rocky Mountain (PADD 4) | 3.745 | 3.790 | 3.750 | -0.040 | -0.177 |
West Coast (PADD 5) | 4.447 | 4.454 | 4.450 | -0.004 | -0.015 |
West Coast less California | 4.039 | 4.018 | 4.030 | 0.012 | -0.101 |
California | 4.915 | 4.955 | 4.932 | -0.023 | +0.084 |
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