Capacity constraints press spot market rates even higher in June

Updated Jul 3, 2018

Spot Market Paid Rates for Flatbed, Reefer and Dry VanSpot market rates in June showed no signs of slowing their now-year-long upward trek, with per-mile rates in all three major segments again reaching historic heights, according to monthly rates data from Of note, reefer’s per-mileage average surged 21 cents in June, pushing its per-mile rate above the $3 mark, to $3.02 a mile.

That’s an 85-cent gain from the same month last year. After cresting at $2.80 a mile in January, reefer rates fell in February and March. Since March, however, reefer rates have gained momentum, with the segment’s per-mile spot market average climbing 54 cents since March.

Van rates also soared in June. Van’s per-mile average jumped 21 cents in June from May, to $2.73 a mile. That’s a 69-cent gain from the same month a year ago and a 35-cent gain in the past three months.

Flatbed’s per-mile average grew 13 cents in June from May, to $2.88 a mile. That’s a 55-cent increase from the same month last year. Flatbed rates have climbed 39 cents a mile since February.

Surging rates pushed owner-operator income higher in the first quarter compared to the same period a year ago, according to data from ATBS.