November 14, 2023 – Courtesy of DAT Trendlines
November 2023 Freight Rates
|Nov 06 – Nov 12 vs. Oct 30 – Nov 05||Oct 2023 vs. Sep 2023||Oct 2023 vs. Oct 2022|
|Spot Market Loads||-14.5%||-7.1%||-41.6%|
|Spot Market Capacity||+0.5%||+14.1%||-8.6%|
|Van Rates (Spot)||-0.7%||-1.1%||-13.5%|
|Flatbed Rates (Spot)||-0.9%||-0.9%||-13.0%|
|Reefer Rates (Spot)||-0.6%||-2.2%||-11.7%|
Van Freight Rates – November 14, 2023
DAT.com’s November 14th Trendlines Report shows current national van rate averages are at $2.07 per mile, the same as the October average.
According to DAT, the highest average van rates are in the Midwest at $2.29 per mile. The lowest average van rates are in the Northeast at $1.89 per mile.
DAT reports the current national load-to-truck ratio is 1.76 loads-to-truck, compared to the October average of 2.11. Ratios are highest in the Northwest and coastal states. The lowest ratios are in the Northeast.
Reefer Freight Rates – November 14, 2023
Reefer freight rates are averaging $2.47 per mile, the same as the October average. Reefer rates are highest in the Midwest, averaging $2.79 per mile. The lowest rates are in the Southeast, with an average of $2.16 per mile.
National reefer capacity is at 3.37 loads-to-truck, compared to the October average of 2.95 loads-to-truck.
Current load-to-truck capacity shows reefer demand is highest in the Northern states. The Southeast states have the lowest load-to-truck ratios.
Flatbed Freight Rates – November 14, 2023
National average flatbed rates are currently $2.45 per mile, $.03 lower than the October average.
The Midwest has the highest average flatbed rates at $2.66 per mile; the lowest rates are in the West, with an average of $2.27 per mile.
Nationally, load-to-truck ratios are at 5.08, compared to 6.36 in October. Load ratios are highest in the Southeast and Pacific Northwest. The Southwest has the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of November 14, 2023.
Checking fuel prices, the national average diesel price is $4.29 a gallon compared to $4.44 one month ago and is down $1.02 compared to one year ago.
East Coast diesel prices are averaging $4.22 per gallon. The average price in the Midwest is $4.31 per gallon. California diesel prices are averaging $5.67 per gallon.
|10/30/23||11/06/23||11/13/23||Week Ago||Year Ago|
|East Coast (PADD 1)||4.342||4.294||4.220||-0.074||-1.254|
|New England (PADD 1A)||4.537||4.523||4.483||-0.040||-1.577|
|Central Atlantic (PADD 1B)||4.633||4.588||4.528||-0.060||-1.461|
|Lower Atlantic (PADD 1C)||4.217||4.163||4.079||-0.084||-1.163|
|Midwest (PADD 2)||4.441||4.334||4.308||-0.026||-1.013|
|Gulf Coast (PADD 3)||4.115||4.032||3.927||-0.105||-0.959|
|Rocky Mountain (PADD 4)||4.650||4.489||4.356||-0.133||-1.045|
|West Coast (PADD 5)||5.348||5.258||5.139||-0.119||-0.630|
|West Coast less California||4.873||4.769||4.651||-0.118||-0.761|
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