Fuel Updates

Fuel is at $3.812 for the week, up from the previous week at $3.758.

Trucking capacity is up and volume is down. That can only mean one thing: rates are still low. The softness is due to the disruption of tariffs and uncertainty when it comes to trade policies.

A recent Freightwaves report states more than 60% of shippers say carrier reliability is their biggest concern heading into peak season. Not price. Not speed. Reliability. When it comes to rates for shippers, the question shouldn’t be “Who’s the cheapest?” It should be: “Can you make my life easier and show up on time?”

Reefer Freight:

• Current national spot average is $2.42/ mile
• Load to truck ratio is down 23%
• Load to truck ratio decline is due to a 21% decrease in reefer load posts
• Available capacity rose with a 7% increase in carrier equipment posts

Van Freight:

• Current national spot average is $2.06/ mile
• Volumes are still 13% higher than last year
• Carriers re-entered the market in full force, increasing equipment posts by 3% resulting in the dry van load-to-truck ratio decreasing by 17%

Flatbed Freight:

• Current national spot average is $2.55/ mile
• Load to tuck ratio is down 20%
• Post-holiday surge resulted in 16% drop in flatbed posts

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.