Spot-market rates remain stable, van rates average $2.10/mi. Diesel prices rise to $3.23/gal.
## This week's headline
The North American freight market experienced a relatively stable week, with spot-market rates for vans, reefers, and flatbeds remaining within typical ranges. According to DAT, the overall spot-market rate for vans averaged $2.10 per mile, while reefers averaged $2.40 per mile, and flatbeds averaged $2.70 per mile. These rates are in line with expectations for this time of year, with the peak summer shipping season just beginning.
Diesel & fuel surcharge update
Diesel prices continued to rise, with the U.S. Energy Information Administration (EIA) reporting a national average diesel price of $3.23 per gallon, up $0.05 from last week. This increase is expected to lead to higher fuel surcharges, which will likely be passed on to shippers. Typically, fuel surcharges range from 10% to 20% of the total freight bill, depending on the carrier and the specific route.
Hot freight lanes
Several freight lanes are experiencing high demand and tight capacity this week. The Los Angeles to Dallas lane is particularly hot, with rates averaging $2.20 per mile for vans and $2.60 per mile for reefers. The Atlanta to Chicago lane is also seeing high demand, with rates averaging $2.10 per mile for vans and $2.40 per mile for reefers. Other hot lanes include Vancouver to Calgary, with rates averaging $2.30 per mile for vans, and Laredo to Memphis, with rates averaging $2.15 per mile for flatbeds.
Broker spotlight & payment trends
This week's broker spotlight is on a major retailer that is experiencing a surge in freight volumes due to summer promotions. The broker is offering competitive rates and quick payment terms to attract carriers, with payments typically made within 7-10 days of delivery. In most cases, brokers are offering 2% to 5% accessorials for services such as detention, loading, and unloading. Carriers are advised to carefully review payment terms and accessorials before accepting loads to ensure they are getting paid fairly for their services.
Dispatcher tip of the week
Dispatchers can increase their chances of finding high-paying loads by using online load boards such as Truckstop and Loadlink. These load boards provide real-time information on available loads, rates, and capacity, allowing dispatchers to make informed decisions quickly. Additionally, dispatchers should be aware of the Hours of Service (HOS) regulations and Electronic Logging Device (ELD) requirements to ensure compliance and avoid costly fines.
Frequently asked questions
**Q:** What is the current rate range for van spot-market rates?
**A:** Typically, van spot-market rates range from $1.80 to $2.40 per mile, depending on the lane and capacity.
**Q:** How do I know if I am getting paid fairly for my services?
**A:** Carriers should carefully review payment terms and accessorials before accepting loads to ensure they are getting paid fairly for their services. They should also be aware of the market rates for their specific lane and equipment type.
**Q:** What is the best way to find high-paying loads?
**A:** Dispatchers can use online load boards such as Truckstop and Loadlink to find high-paying loads. They should also be aware of the current market trends and hot freight lanes to increase their chances of finding high-paying loads. For more information on finding high-paying loads and improving dispatching skills, visit EK Dispatch Academy's loadboard and pricing pages.