Freight has picked up further in the last week, says DAT’s Ken Harper, following gains the prior week. “Spot volumes for van and reefer are approaching last year’s levels at this time.”
Rates, too, got “a shot in the arm,” he adds, “in part because a significant number of carriers decided to sit out” Roadcheck week. For those who didn’t, inspections may have slowed a significant number down, affecting capacity overall through the week. The result was greater demand, reflected in better rates on high-volume lanes.
Average dry van rates out of Columbus, Ohio, to Philadelphia last week stood at $2.65/mile. Head straight back with a spot load from Philly, however, and your prospects dim considerably. Philly-Columbus averaged just $1.25/mile. If timing works out, split the return with a shorter load to Pittsburgh, then another from there to Columbus. Based on rate averages last week, doing so would add $482 in revenue and just around 20 miles. Examine the details in the chart below.