Average per-mile rates on the spot market fell again for all three major truckload segments in November, according to data from loadboard Truckstop.com.
This is the fourth straight month that rates dipped in all three segments, continuing a now year-long downward trend spurred by both a major drop in diesel prices and market conditions.
Paid rates, verified averages of rates paid to carriers, fell 4 cents from October in reefer and flatbed segments and 7 cents in flatbed.
Paid reefer rates in the month averaged $2.14, down 43 cents from last November. Rates in the segment have fallen 26 cents since May.Posted reefer rates — “offer rates,” essentially, from brokers and shippers — averaged $1.97, an 8-cent increase from October.
Paid van rates, meanwhile, were down 33 cents from November 2014, falling to $1.95 a mile. They’ve fallen 25 cents since April, according to Truckstop.com Posted rates in the segment averaged $1.71, a 7-cent increase from October.
Flatbed rates, hit the hardest in the month, were down to $2.07, their lowest point since mid-2013 and down 24 cents from last November. Posted rates in the segment averaged $1.84, down 6 cents from October.