Rates gain momentum in May, truckload segments climb for second straight month

user-gravatar Headshot
Updated Jun 29, 2017

Image 84 2017 06 05 15 11Per-mile rates on the spot market soared in May, with rates in all three major truckload segments — van, flatbed and reefer — posting solid gains from the month prior, according to monthly rate data provided to Overdrive by Truckstop.com.

The gains are in line with seasonal trends but could also reflect an upswing predicted this year by industry analysts ahead of the ELD mandate’s compliance deadline and expected improvements in freight demand.

Flatbed hit its highest mark since August 2015, $2.25 a mile — up three pennies from April and 17 cents from May 2016:

Image 87 2017 06 05 15 11

Reefer climbed 5 cents in the month to $2.07 a mile. That’s a penny shy from the same month last year:

Image 86 2017 06 05 15 11

Van rates rose 4 cents to $1.92 a mile, a 7-cent increase from May 2016:

Image 85 2017 06 05 15 11

The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2022 edition of Partners in Business.
Download
Partners in Business Issue Cover