Fuel Updates

Fuel is at $3.514 for the week, which is down from $3.534 the previous week.

Brace yourself for a tight summer. With imports taking a plunge, recent truck volume out of Los Angeles has mirrored Thanksgiving and Christmas, which are the lowest volume days of the year. Most trucks heading into that area are having to deadhead out of there, which means increased pricing into the LA area. Fuel savings have helped some carriers with cash flow; however, soft freight volume means carriers are not exiting the market, and rates are falling for all three (3) major trailer types.

Reefer Freight:

• Load-to-truck ratio increased 24%
• Spot rates remain steady with no change WoW
• Mother’s Day florals are in full effect
• Produce is still soft and remains down year to date

National average for reefer:

Van Freight:

• Load-to-truck ratio increased 17%
• Los Angeles volume is similar to lockdown lows in 2020
• Spot rates decreased slightly, down .5%

National average for dry van:

Flatbed Freight:

• Load-to-truck ratio increased nearly 10%
• Spot rates increased slightly, up .8%
• Construction is still driving capacity issues in the South and Midwest

National average for flatbed:

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.