Fuel Updates

Fuel is at $3.451 for the week, which is down from $3.487 the previous week.

Capacity has returned to the spot market. May spot rates trended above April averages; however, produce volumes are still below last year’s numbers.

Reefer Freight:

• The current national spot rate average is $2.29.
• Load-to-truck ratio dropped 2.8%.
• Spot rates dropped 3.4%.
• Last week saw a 13% drop in reefer load posts.
• Reefer equipment posts also declined, falling by 15% week-over-week.

Van Freight:

• The current national spot average is $2.03. It was $1.92 in the middle of May.
• Load-to-truck ratio dropped 0.8%.
• Spot rates dropped 3.3%.
• Dry van load post volumes saw their second consecutive weekly decline, dropping by 14%.
• Dry van equipment posts also decreased by 17%.

Flatbed Freight:

• The current national spot average is $2.61.
• Load-to-truck ratio dropped 11%.
• Spot rates increased 2.3%.

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.