Spot Market Trends
Spot market rates are especially high this week as a result of rising fuel costs and a scarcity of trucks exacerbated by this week’s International Roadcheck. According to DAT, “the national averages for both van rates and reefer rates each increased 4¢ per mile, while the national flatbed rate continued to add to its record high, climbing another 2¢ to $2.75 per mile.”
West Coast Capacity Crunch
We’re seeing a large capacity crunch on the West Coast, especially in and around Los Angeles. This is primarily due to a delayed produce season. Tender rejections out of the Los Angeles market rose from below 10% in early May to almost 20% as we entered June.
