Spot Rates Sputter, but with Some Exceptions
By Allie Lewis
Even as the summer slump continues, July is still on pace to beat May volumes, with a national average van rate that's about 5 cents per mile higher than it was before the June peak.
Overall volumes did slip last week, and 68 of the top 100 van lanes had lower rates. The week ended with strengthening trends, though, with California summer produce running at higher levels last week for both vans and reefers.
The biggest volume increase in the top van markets came from Los Angeles (up 6%), and produce is running strong from both the San Francisco and Fresno markets, although sufficient capacity is dampening the rate impact.
Seattle outbound rates rebounded, but prices are still low from that market. Otherwise, western markets generally held up better, while the Southeast continued to slip.
- Seattle to Salt Lake City climbed 18 cents to $1.84/mi
- Seattle to Spokane increased 8 cents to $2.98/mi
- Columbus to Memphis rose 7 cents to $1.67/mi
Memphis rates slipped on 8% lower volumes. In general, most freight markets are losing ground in July.
- Atlanta to Philadelphia dropped 18 cents to $2.16/mi
- Charlotte to Allentown fell 13 cents to $2.30/mi (down 38¢ this month)
- Atlanta to Chicago declined 12 cents to $2.30
- Memphis to Charlotte decreased 12 cents to $2.04/mi