Reefer rates, freight volume rise in May: TransCore
PORTLAND, Ore. — TransCore’s Truckload Rate Index recorded a 1.1% increase in refrigerated van rates on the spot market in the seven days ending May 25. The 7% surge in reefer freight volume indicates an uptick in seasonal produce after weeks of weather-related disruptions in the produce market, the company announced.
Reefer rates from Los Angeles recorded the greatest increase, up 3.3% week-on-week, with lanes to Phoenix up 7% and to Chicago increasing 6%. Rates in the major produce lane from Orlando to Atlanta were stable week-on-week, maintaining a 73% gain over the past four weeks. Other notable reefer lanes include Denver to Los Angeles, which recorded a 22% increase, and Denver to Dallas, up 11%.
Dry van rates remain stable (increasing 0.1%) with strong regional trends while rates for flatbeds continue to rise, up 1.2% over the past seven days.
Spot market rates are rates paid to the carrier by freight brokers and other intermediaries.
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