Freight Rate & Trucking Update
Trucking News – US Freight Rates
October 15, 2024 – Courtesy of DAT Trendlines
| October 2024 Freight Rates | |||
| Oct 07 – Oct 13 vs. Sep 30 – Oct 06 | Sep 2024 vs. Aug 2024 | Sep 2024 vs. Sep 2023 | |
| Spot Market Loads | -9.0% | -1.8% | -13.1% |
| Spot Market Capacity | +4.7% | -2.1% | -14.4% |
| Van Load-To-Truck | -15.1% | -3.6% | -9.8% |
| Van Rates (Spot) | -1.0% | +2.0% | +0.0% |
| Flatbed Load-To-Truck | -14.0% | +22.8% | +28.2% |
| Flatbed Rates (Spot) | -0.4% | +0.4% | +3.6% |
| Reefer Load-To-Truck | -13.1% | -15.8% | -1.9% |
| Reefer Rates (Spot) | +1.3% | +0.9% | -2.5% |
| Fuel Prices | +1.4% | +1.4% | -20.0% |
Van Freight Rates – October 15, 2024
DAT.com’s October 15th Trendlines Report shows current national van rate averages are at $2.02 per mile, ¢5 less than the September average.
According to DAT, the highest average van rates are in the Midwest at $2.16 per mile. The lowest average van rates are in the Northeast at $1.82 per mile.
DAT reports the current national load-to-truck ratio is 3.71 loads-to-truck, compared to the September average of 3.49. Ratios are highest in the Northwestern states. The lowest ratios are in the Southeastern states.
Reefer Freight Rates – October 15, 2024
Reefer freight rates are averaging $2.38 per mile, ¢1 higher than in September. Reefer rates are highest in the Midwest, averaging $2.62 per mile. The lowest rates are in the Southeast, with an average of $2.09 per mile.
National reefer capacity is at 5.3 loads-to-truck, compared to the September average of 5.01 loads-to-truck. Current load-to-truck capacity shows reefer demand is highest in the Northwestern states. The Southeastern states have the lowest load-to-truck ratios.
Flatbed Freight Rates – October 15, 2024
National average flatbed rates are $2.43 per mile, ¢5 more than the September average. The Southeast has the highest average flatbed rates at $2.56 per mile. The lowest rates are in the West, with an average of $2.18 per mile.
Nationally, load-to-truck ratios are at 13.04, compared to 12.08 in September. Load ratios are highest in the North and Southeast. The Midwest and Southwest states have the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of October 15, 2024.
Checking fuel prices, the national average diesel price is $3.63 a gallon compared to $3.53 one month ago and is down¢81 compared to one year ago.
East Coast diesel prices are averaging $3.59 per gallon. The average price in the Midwest is $3.65 per gallon. California diesel prices are averaging $4.73 per gallon.
| Change from | |||||
| 09/30/24 | 10/07/24 | 10/14/24 | Week Ago | Year Ago | |
| US | 3.544 | 3.584 | 3.631 | +0.047 | -0.813 |
| East Coast (PADD 1) | 3.571 | 3.563 | 3.586 | +0.023 | -0.818 |
| New England (PADD 1A) | 3.788 | 3.765 | 3.766 | +0.001 | -0.791 |
| Central Atlantic (PADD 1B) | 3.802 | 3.821 | 3.861 | +0.040 | -0.811 |
| Lower Atlantic (PADD 1C) | 3.463 | 3.447 | 3.464 | +0.017 | -0.826 |
| Midwest (PADD 2) | 3.520 | 3.587 | 3.651 | +0.064 | -0.653 |
| Gulf Coast (PADD 3) | 3.212 | 3.266 | 3.337 | +0.071 | -0.777 |
| Rocky Mountain (PADD 4) | 3.612 | 3.620 | 3.635 | +0.015 | -1.029 |
| West Coast (PADD 5) | 4.226 | 4.261 | 4.274 | +0.013 | -1.254 |
| West Coast less California | 3.797 | 3.841 | 3.874 | +0.033 | -1.136 |
| California | 4.719 | 4.742 | 4.734 | -0.008 | -1.385 |