Rates regained momentum in April, surge into spring

Spot Market Paid Rates for Flatbed, Reefer and Dry VanPer-mile rates on the spot market again saw strong gains in April, according to monthly rates data from Truckstop.com. All three major truckload segments — dry van, reefer and flatbed — surged in the month, and all three flirted with all-time highs since Truckstop.com began reporting monthly rate averages.

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Spot Market Flatbed Rates

Flatbed in the month jumped 9 cents to an all-time high (according to Truckstop.com’s records) of $2.66 a mile. That’s up 44 cents from the same month last year, and 60 cents a mile from April 2016.

 

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Spot Market Reefer Rates

Reefer’s monthly average climbed 23 cents, to $2.71 a mile. Other than January’s $2.80 a mile average, April’s rate was the highest since Truckstop.com began reporting monthly averages. April’s reefer average was up 69 cents from April 2017.

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Spot Market Dry Van Rates

Van rates also jumped 9 cents in April from March, to $2.49 a mile. That monthly average is second only to January’s $2.54 a mile in Truckstop.com’s records. Van’s April average was up 61 cents from the same month last year.