Dear readers, it appears we were duped. The fine folks at the DAT updated their dry van statistics in the dead of night. The horror! Fortunately these changes are minimal, but it does mean, provided that the June statistics remain unchanged, that dry van stayed at that same rate throughout the month of June. Our […]
The cost of diesel fuel may be rising, but this may put a smile on a trucker’s face, or at least help alleviate the pain. The Numbers All three forms of freight jumped going through May, but dry van hauling simply had too large of a chasm to cross into $3 per mile. It rose […]
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 […]
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.
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 […]
After a few months of different freight rates going in different directions, it is good to finally see all of them move in the same direction for February 2021. The fact that they all went up in a month that usually sees decreases is simply the cherry on top.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
