Indicators: Rates continue upward streak, trucking employment rallies

Author: James Jaillet

CCJ‘s Indicators rounds up the latest reports on trucking business indicators on rates, freight, equipment, the economy and more.

Spot market rates find new heights: Per-mile rates on the spot market continued to surge upward in May, according to monthly data from loadboard, with the three major truckload segments — dry van, reefer and flatbed — pressing to new record highs.Spot market paid rates chart

Flatbed rates jumped 9 cents in May to $2.75 a mile, the segment’s highest average since began distributing monthly rates data. It’s also a 50-cent jump from the same month last year.

Reefer rates grew 10 cents in May from April, to $2.81 a mile — a 74-cent increase from May 2017 and the highest monthly average on record for reefer haulers.

Dry van rates climbed 3 cents in May, to $2.52 a mile, second only to January’s $2.54 a mile monthly average. Compared to last May, van rates were up 60 cents in May.

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