Dry van, reefer rates ticked upward while flatbed dipped in May

(Rates data from Truckstop.com)(Rates data from Truckstop.com)

Dry van rates on the spot market in May gained three cents from April nationally, while reefer gains gained a penny, according to data from Truckstop.com. Flatbed rates, however, fell three cents in the month.

The drop for flatbed was outside seasonal norms, as the segment’s rate average generally climbs between March and June, with warmer weather prompting more demand for flatbed and, thus, stronger per-mile rates.

Though all three segments were down significantly from a white hot May 2018, they were well up from May 2017. And despite a descent in recent months, rates seemingly have plateaued with the onset of spring.

Flatbed in May averaged $2.37 a mile, according to Truckstop.com. That’s down 38 cents from last May, but up 30 cents from May 2017.

Van rates averaged $2.12 in May, down 40 cents from last May but up 20 cents from the May prior.

Lastly, reefer rates averaged $2.33 a mile in the month, down 48 cents from last May but up 26 cents from May 2017.

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.
Partners in Business Issue Cover