Spot market rates spiked in June

user-gravatar Headshot
Updated Jul 8, 2017
chart (5)-2017-07-07-09-13

Chart 8 2017 07 08 09 59Per-mile rates on the spot market shot upward in all three major truckload segments in June, according to monthly rate data provided to Overdrive by, with flatbed and van rates hitting multi-year highs and reefer rates reaching their highest point in a year.

June was the fourth consecutive month that spot market rates climbed on a monthly basis. The gains were in line with seasonal trends, but could also reflect a tightening of industry capacity due to a stronger freight environment and, potentially, wider adoption of electronic logging devices

Van rates led the month’s gains, jumping 12 cents to $2.04 a mile. That’s van’s strongest monthly average since September 2015. Compared to last June, van rates were up 7 cents a mile:

Chart 4 2017 07 07 09 13

Reefer rates climbed 10 cents to $2.17 a mile — the segment’s highest per-mile monthly rate average since June 2016. Reefer rates were down 2 cents compared to last June, however:

Chart 3 2017 07 07 09 13

Flatbed rates climbed 8 cents in June from May to $2.33 a mile — flatbed’s strongest showing since December 2014. Flatbed rates were up 21 cents compared to last June:Chart 2 2017 07 07 09 13