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GlobeNewswire·

DAT: Van spot rate rises to $3.05 a mile, highest since early 2022

  • Dry van spot rates rose to $3.05 per mile in October, the highest monthly average since February 2022.
  • Refrigerated spot rates held at $3.60 per mile, while flatbed rates remained unchanged at $3.61 per mile.
  • All three spot rate categories were approximately 45% higher than a year earlier.
  • From January through October, spot rates averaged $2.78 for vans, $3.25 for reefers, and $3.36 for flatbeds, marking the highest averages for that period since 2010.
  • Contract van rates reached a record $3.28 per mile, while reefer ($3.62) and flatbed ($4.05) contract rates set new highs for the second 3rd consecutive months respectively.
  • National average on-highway diesel prices averaged $6.25 per gallon in October, down from $6.29 in September but up $2.60 year-over-year.
  • DAT estimated fuel surcharges fell slightly to 83 cents for vans, 91 cents for reefers, and $1.00 for flatbeds, roughly double the previous year's amounts.
  • Freight volumes remained below year-earlier levels, with dry van loads down 2%, reefer loads down 9%, and flatbed loads down 7%.
  • Equipment posts on DAT One were 22% to 26% lower than last year, allowing carriers to be more selective during the holiday freight season.
  • Linehaul rates for vans rose to $2.22 per mile, while reefer rates dropped to $2.69 and flatbed rates increased to $2.61 per mile.
Company
DAT Solutions
Keywords
Nasdaq:ROP, DAT Solutions, freight rates, truckload rates, freight market conditions, truckload volume index, DAT load board, DAT analytics