Fuel Updates

Fuel is at $3.708 for the week, which is down from $3.713 the previous week.

Welcome to the Department of Transportation (DOT)’s Brake Safety Week. When holiday demand meets DOT inspections, it creates tighter capacity. Spot rates continue to hold for the most part. Carrier capacity is shrinking, but not enough to spark a recovery. Tender rejection rates are higher than 2019, not because of rising freight volumes, but due to carriers exiting the market.

Reefer Freight:

• The current national spot average increased to $2.39 per mile.
• The load-to-truck ratio is up 1.2%.
• Load post volumes increased as California leads the way with produce, accounting for nearly 20% of the produce volume.
• Capacity has tightened in the Northwest due to late summer harvests.

Van Freight:

• The current national spot average remains at $2.03 per mile.
• The load-to-truck ratio is down 1.1%.
• Carriers are decreasing the size of fleets to increase cash flow by removing more generic equipment, like dry van trailers, and are now working towards being more specialized.

Flatbed Freight:

• The current national spot average decreased to $2.49 per mile.
• The load-to-truck ratio is up .2%.
• Demand has softened in Texas, as drilling rigs have declined year over year.

We hope you have a fantastic week! If you need any assistance or have any questions, please reach out to your RIM Representative or to our Domestic Team at RIMDomestic@rimlogistics.com.