Rates drop, continue year-end slide

| November 12, 2012

As has been the case for all three segments in the last three years — except for flatbed in late 2010 — spot market rates for reefer, flatbed and dry van continue their decline after peaking in June, this time dropping a few cents each in October from September.

Along with fuel prices throughout the spring and into the summer, rates shot up, reaching their highest points since 2008 and some of their highest points since load board site Internet Truckstop began tracking in 2005. Reefer and dry van rates dropped quickly in July and August before stagnating in August and September, while flatbed saw a slow decline from its summer rates, dropping just a few cents each month.

In October, reefer dropped to $2.07 per mile, down from September’s $2.16. Flatbed dropped from $1.97 to $1.95, and van rates dropped from $1.82 to $1.80. Here are two-year trends:

 

 

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  • jescott418

    Nothing is really recovering. We are just treading water. Waiting for the next big wave to drown us.

  • martymarsh

    If you haul it for nothing you have no one to blame than yourself. You might not make any money sitting but at least your not burning fuel on garbage freight. If you are hauling cheap freight then all you are doing is wearing out your truck to make other people rich and all you are doing for yourself is robbing Peter to pay Paul, do you really want to live like that just to say this big piece of garbage is mine?

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