Fuel Updates

Fuel is at $3.536 for the week, which is up from $3.476 the previous week.

Last week’s DOT blitz led to tighter capacity, with many drivers taking time off, despite expectations of little to no impact. Spot rates increased as inspections slowed many trucks on the road, reducing overall availability. However, the market pressure wasn’t strong enough to lift national averages.

Reefer Freight:

• The DOT blitz caused the load-to-truck ratio to increase 64% from the previous week
• Spot rates decreased slightly by 1%
• Demand for capacity stronger in the South and Southwest: California, Nevada, New Mexico, Texas, Louisiana, Arkansas, Alabama, and Mississippi
• Rates are holding steady, and are being supported by the ongoing produce season demand

National average for reefer:

Van Freight:

• The DOT blitz caused the load-to-truck ratio to increase 55% from the previous week
• Spot rates decreased slightly by 2%
• Demand for capacity is high in the South and Southeast: Nevada to North Carolina

National average for dry van:

Flatbed Freight:

• The DOT blitz caused the load-to-truck ratio to increase 64% from the previous week
• Spot rates remain stable
• Demand is steady in the Southwest; however, potential slowdowns in construction activity could impact capacity

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.