Overdrive Extra

James Jaillet

The short-lived $2 dry van

| August 05, 2012

It didn’t last long, dry vanners — the spot market rate per mile for dry van loads eclipsed the $2 mark in June for the first time since load-matching service Internet Truckstop began its records in 2005. The rate hit $1.97 in June of 2008, but then dropped the next month to $1.90 and continued to fall until April 2009.

Then again in June of last year, dry van hit $1.96 – a tease, of course, as the rate dropped 13 cents the following month.

May’s $1.98 looked hopeful this year, though, as rates had been climbing since January, and in June, it delivered, hitting $2.01.

It apparently wasn’t meant to be, though: In data just released this week for July, the dry van rate dropped 15 cents to $1.86.

All segments saw decreases, though, with flatbed dropping 5 cents to $2.08 and reefer dropping 18 cents to $2.22.

See the September issue for more details on the rates and full graphs of rates for the last two years.

  • jescott418

    Basically we are experiencing a over supply of trucks vs loads.
    This is a direct result of deregulation of trucking. Its no different then deregulation of airlines or phone companies or anything else. It has not done anything but make trucking a slave labor industry with little hope of every increasing rates to help the ever increasing costs that have plagued trucking. Shrinking margins is a way of life for trucking.

OverdriveOnline.com strives to maintain an open forum for reader opinions. Click here to read our comment policy.