Rates shot up in major markets last week, and then on Monday they rose some more. Timing was a big factor. Monday, June 30 was the last day of the quarter, as well as the last chance to move perishable goods to market before the Fourth of July. That last little spike pushed national average rates for June to $2.09 for van, $2.43 for reefer and $2.44 for flatbed on the spot market. Rates for vans and reefers added a penny per mile between Saturday, June 28 and close of business on Monday, June 30.
Freight availability and rates usually peak in June on the spot market for both vans and reefers , and this year's flatbed volume was elevated in June, as well. As depicted in the Hot Market Map, below, load availability was high and truck capacity was tight throughout the country, yielding high load-to-truck ratios -- dark red areas on the map -- on DAT Load Boards. The Midwest and Southeast are very hot, but truckload rates rose last week in major freight markets across all regions of the U.S. The regional trends were exemplified with sharp increases on outbound van rates from L.A., Chicago, Dallas, Philadelphia and Atlanta.
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