Rates continued tumble in February

| March 05, 2013

Spot market rates in February continued a now three-month-long downward slide in February, save for a one-penny increase in flatbed rates.

Flatbed rates have been mostly stagnant since September, and they’ve fallen just 18 cents since June 2012′s peak. In the same span, reefer rates have dropped 52 cents and van rates have dropped 35 cents.

Reefer rates dropped 10 cents in February alone — their lowest point since February 2012, when they were $1.78. Van rates dropped 4 cents in February to $1.70, marking their lowest point since February 2012, too, when they were $1.63.

Flatbed’s one-cent rise brought rates to $1.95 per mile — a two-cent increase over its February 2012 mark.

Van and reefer rates spiked in November from October, but have been nearly free-falling since. Van rates have fallen 30 cents since November, and reefer rates have fallen 32 cents.

Rates are much higher than their 2009, though, when flatbed got $1.32 a mile, reefer $1.46 and van $1.25.

Here’s a look at rates since June 2010:

february rates

 

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  • http://www.facebook.com/truckingangel Angel Shrader

    it is called stop america for a week period as well as send all the mexico trucks back to mexico and leave them there as they will haul freight for cheap and i say NO to cheap freight

  • http://twitter.com/cwb_in_tn_81 michael winton

    I think ”taking a tumble” is an understatement.

    these freight rates have been terrible, poor, and downright offensively low.

    These people must seem to think that trucks just run for fuel money and love doing it.

    something’s got to give. We’re dyin out here folks.

  • Ben.

    Brokers are taking advantage of people that just came out of Carwashers, Diswashers,etc.Make your numbers and you will make a profit.Your operation cost per mile is about $0.65 to $0.75 per each mile that your run, wheather your are the driver or not, you still have to get pay your $0.35 per mile as the driver. Total operation( cost $1.00 to $1.10 per mile) Where is your profit?

  • Ben.

    Not just the Mexican Trucks are doing it cheap, U.S.A.
    Trucks are doing it as well. Weeks ego I lost a run the other O.O. Bid for half the price on the load.