There were lots of loads moving at higher rates last week, which included both the end of the quarter and the last few business days before a holiday weekend. (The increased demand wasn’t a big surprise.) Still, it was a nice lift, especially after two months of improvement, well in evidence with our last report:
Vans and reefers did particularly well last week.
Northbound lane rates continue on the upswing as well out of those hot markets of Atlanta, Memphis and Charlotte, for both vans and reefers. Atlanta to Chicago is doing well as a reefer roundtrip — 1,430 miles at an average of $2.03 per mile. If you want to make more money without adding any loaded miles, however, split the north-south leg in two with a load of dry or refrigerated freight from Chicago to Evansville, Ind., for example. The load-to-truck ratio in Evansville has averaged 14.7 loads per truck for reefers, and outbound rates are outstanding. You’ll add an average of 55 cents per mile, for a total of $3,600 instead of $2,900 for three days of driving, plus the extra pick and drop.
Lane-by-lane average rate information is available in DAT TruckersEdge Enhanced. TriHaul recommendations are available in DAT Express. For more information on weekly trends, see DAT Trendlines.