Fuel Updates

Fuel is at $3.739 for the week, which is up from $3.727 the previous week.

Spot market activity slowed last week as businesses took time off for the Fourth of July holiday. There was some urgency behind the loads that did move, leading to a slight uptick in national average rates.

Cargo theft is up over 25% year over year, and it is expected to increase even more before the end of the year. Visibility to freight is important.

Reefer Freight:

• The current national spot average jumped to $2.45 per mile, which is up from last week’s $2.35.
• The load-to-truck ratio is down .5%.

Van Freight:

• The current national spot average is $2.07 per mile, which is up .05 from last week.
• The load-to truck-ratio is down 5%.
• Capacity is tight in the bottom half of the US from Florida to Nevada.

Flatbed Freight:

• The current national spot average remains at $2.57 per mile.
• The load-to truck-ratio is down almost 10%.

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.