March 2021: Freight Rates Held High
While the numbers deviated slightly from the update in the middle of March, the massive jump in rates for all three forms of freight held steady.
Freight Rates
Projected March Freight Rates Large if Held
We usually only post about the freight rates when DAT has solidified the numbers, usually a week after the month has passed. We have made exceptions for notable changes in freight rates, and here is another one. While we are only a little bit over halfway through the month, DAT is estimating freight rates to […]
January 2021: Flatbed Rates Rise, Others Stumble
In tandem with the previous two months of freight data, one form of freight deviates in direction from the others. This month, however, two dropped while only one rose.The DataOf the three forms of freight, the largest change happened with dry vans, dropping nine cents to have its rate the lowest since August. It is […]
December 2020: Reefer Rates Stumble, Others Rise
For November, we wrote how flatbeds had their average per-mile rate reduced while the other two forms of freight increased. Poetically, it is now the refrigerated trailer to have its turn to reduce in rate.The DataWhile the numbers do not increase with the same intensity as they did in the middle of 2020, they do […]
November 2020: Flatbed Rates Stumble, Others Rise
Growth cannot last forever. After a long run of consistently rising freight rates, it appears flatbed rates are the first of the three to have a month lower than the previous month.Not to worry, however, as the flatbed rates only dropped one cent, so while flatbeds stumble, they are not tumbling down an impossible to […]
Coronavirus Vaccine Exacerbates Strained Reefer Capacity
The COVID-19 vaccine seems to be a rousing success, as companies developing them tout a 90-95% efficacy rate in testing. We have already written about one of the difficulties of distribution of the vaccine: keeping the vaccines cold. In that article, we lightly scratched on another problem that deserves more attention: the demand for reefer […]
October 2020: Freight Rates Continue to Defy Expectations
What do you get when you take the coronavirus pandemic’s pushing of consumer demand into later months of the year, and combine it with the infancy of the holiday season? You get October 2020, another month of consecutive growth for freight rates. In all three categories, the price per mile has gone up higher than […]
September 2020: Freight Rates Are Up, Again
There seems to be no stopping the trucking industry. For yet another consecutive month, the freight rates for all three primary forms of shipment (dry van, flatbed, and reefer) have increased yet again. Part of the blame can be shifted to the crash in rates that happened in the spring of this year, but using […]
August 2020: Freight Rates Rise for Fourth Consecutive Month
The DAT numbers are in for August, and it is a good time to be a trucker. Though the trendline slopes are still downward, that very well can change in the future, as August 2020 marks the fourth month in a row where all three categories of freight have risen from the previous month (Reefer […]
July 2020: Freight Rates Appear Unstoppable
Apparently April to May was the lowest point of the coronavirus pandemic, as demand for shipped goods and materials continued its ascent for the third consecutive month (two for dry van), and all three forms of freight are at their 2020 highs.DAT speculates the current month’s rates as it is happening, and while August is […]
Trucking Rates Exceed Pre-Pandemic Levels
We wrote about this before, how trucking levels were on the brink of being above the price per mile before the pandemic hit. Now we can finally bust out that champagne: we are now above February’s rates!Above and BeyondNow at this point you are probably thinking this is hardly a cause for celebration; February is […]
Freight Rates Approach Pre-Pandemic Levels
Normally we at TopMark Funding provide updates for freight rates monthly, however, we bring news that is too good not to share. The rates are closely approaching the numbers they were before the pandemic began (pre-pandemic), and for reefers have already passed the point. The Graphs The rates for all three forms of freight (dry […]