Spot rates recede slightly, still hot in all three segments

user-gravatar
Per mile rates data from Truckstop.com.Per mile rates data from Truckstop.com.

Spot market rates eased slightly in July from their record highs in June, according to monthly rates data from Truckstop.com, but rates in all three major segments are still trending well above their per-mile averages year over year.

Reefer again posted the highest per-mile average, $2.93. That’s a 9-cent drop from the month prior, but a 62-cent gain from July 2017. It’s the segment’s first monthly dip since January to February.

Flatbed rates in July fell 3 cents a mile on average, to $2.85. It was the segment’s first month-to-month decline since November. July’s per-mile flatbed average was 56 cents higher than the same month last year.

Van rates also dipped 3 cents in July, to $2.70 a mile. Compared to last July, van’s average was up 62 cents a mile.

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 2021 edition of Partners in Business.
Download
Partners in Business Issue Cover