April 2021: Flatbed Rates Jump, Others Waver
Historically, reefer trailer hauling has been the most revenue-generating form of freight, and it is not hard to see why. Running a reefer requires additional diesel to keep cargo at adequate temperatures, an expense that factors into the price per mile for the freight. We live in unusual times, however, and for at least a short period of time, flatbed was king.
April 2021 Rates
According to DAT, the rates for flatbed hauling increased more than dry van and reefer hauling decreased combined.
Dry van rates in April averaged at $2.60 per mile, a 5 cent per mile decrease from March. Averages were still more than a dollar per mile higher than the same time last year, due to the worst of the coronavirus pandemic rearing its ugly head.
Flatbed rates soared 28 cents to $2.94 per mile, the highest rate for the category since June 2018, if not ever.
Finally, reefer hauling dropped a penny, going from $2.94 to $2.93 and yielding the lead to flatbed hauling.
Our hypothesis for flatbed overtaking reefer is that demand for vaccine shipments have been dwindling as younger people who wanted to take the vaccine have mostly done so, while demand for construction continues to grow.
Top Trucking Articles of the Past Year
- Biden’s First 100 Days and How it May Affect Trucking
- FMCSA Considers 5/5 Sleeper Berth Split
- Top 10 Semi-Truck Financing Frequently Asked Questions
- What Are The Different Types of Dump Trucks
- DOT Secretary Elaine Chao Announces Resignation
ABOUT TOPMARK FUNDING
TopMark Funding is a top-rated semi-truck financing and trailer financing company located in Roseville, CA. We specialize in commercial trucking and heavy equipment. Our mission is to become your long-term financial partner by helping you grow your trucking business and fleet.
We’re not here for the short-term, we’re on the long-haul with you!
We have financing options for trailers, semi-trucks, commercial trucks, and small businesses. We have great rates, low down payments, and flexible monthly payments regardless of credit history.
Learn more about Trailer Financing.
Fill out the contact form or give us a call at (866) 627-6644. One of our truck financing specialists will contact you as soon as possible to go over your truck lease needs and learn more about you and your business financing goals.