Fuel Updates

Fuel is at $3.497 for the week, which is down from $3.514 the previous week.

Capacity loosened after the initial end-of-month push by shippers. The Mother’s Day flower rush always brings a burst of demand. Produce season has been relatively quiet. Consumer spending jumped in March, with auto sales leading the way. This was the biggest gain since January 2023 and is likely due to tariffs. Strong retail numbers could mean a little more volume on the road heading into summer.

Reefer Freight:

• Load-to-truck ratio decreased by 10%
• Spot rates had a slight increase of 1%
• Demand remains strong in the South with a high load-to-truck ratio
• Severe weather always plays a pivotal role in the South and impacts capacity

National average for reefer:

Van Freight:

• Load-to-truck ratio decreased by 2%
• Spot rates had a slight increase of .5%
• Southern states from Florida to Arizona are seeing heightened capacity demand

National average for dry van:

Flatbed Freight:

• Load-to-truck ratio decreased by 10%
• Spot rates remained steady
• The Midwest remains a hotspot due to construction season

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.