Fuel Updates

Fuel is $3.592 for the week, which comes as an increase from $3.567 last week.

Flatbed Freight:

Flatbed continues to disrupt the market. Typically flatbed is the leading indicator of a market shift, with van rates lagging behind as industrial orders turn to consumer goods.

• Load to truck ratio of +16%.
• Spot rates increasing to $2.53/mile on average.
• Flatbed rates haven’t seen an increase like this since 2017.
• 8% higher than where it was a year ago. Typically flatbed is the leading indicator of a market shift.

Van Freight:

• Spot rates remained stagnant, hovering around an average of $2/mile. If the high Flatbed load-to-truck ratio stays high, it will in turn cause van rates to increase.
• Load-to-truck ratio saw an increase of +17%.

Reefer Freight:

• Load to truck ratio of +23%.
• Spot rates dropping to an average $2.27/mile.
• Contracted rates held steady.

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.