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Van rates drop to 16-month low

DAT Solutions

There’s the normal seasonal slowdown that occurs around this time each year, but falling fuel surcharges and increased capacity in the spot market are adding to downward pressure on rates. Denver to Oklahoma City rates rose 13¢ to $1.34/mile. Memphis to Indianapolis dipped 16¢ to $2.01/mile.

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Spot Freight Volumes Get Welcomed Boost

DAT Solutions

That would’ve led to more reefer trucks competing for van freight, and the extra capacity kept rates down. Memphis to Indianapolis was more typical of retail lanes last week, falling 20¢ to $1.90/mile. Houston to Oklahoma City is lane influenced heavily by the energy sector, and rates fell 16¢ to $2.02/mile.

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