Flatbed, reefer and dry van rates all rose to their highest points ever, according to numbers released this week by online loadboard Internet Truckstop, who began tracking rates in 2005.
In a month that saw all three segments climb for the fourth consecutive month, dry van topped $2 a mile on the spot market for just the second time and flatbed rates rose above $2.10 for the first time since June of last year.
Reefer rates jumped another 9 cents and are now 62 cents higher per mile than in February.
Here are the rates for all three segments:
Van led all segments with an 11-cent increase, while reefer jumped 9 cents and flatbed rose 6. Flatbed has risen five months in a row, up from January’s $1.94. Van rates are up 43 cents from February’s $1.66.
This year’s trends, however, follow nearly exactly the trend from 2011 and 2012, in which rates rise in the spring and then begin falling in July.
Here’s a look at rates since October 2010:
Affected tractors are equipped with an automated Eaton UltraShift Plus or Eaton Advantage Transmission with right hand stalk shifter. In the affected trucks, the display on the instrument panel can indicate “N” when the shifter is set into “D” or “R,” causing the truck not to move.