Fuel Updates

Fuel is $3.567 for the week, which is up from $3.549 last week.

We’re starting to see a larger spread between spot and contract rates. An increasing gap between spot and contract rates indicates a shift in the market.

Van Freight:

• Spot rates are up 2%, with much of South and Southeast still experiencing capacity issues; however, the load-to-truck ratio has decreased.

Reefer Freight:

• Texas, Mississippi, New Jersey, Vermont, and Delaware continue to have high load-to-truck ratios.
• Spot rates have remained stable with no change; however, we have seen an increase of 7% in load-to-truck ratios.

Flatbed Freight:

• Flatbed rates are off to their hottest start since 2017, particularly for freight like construction materials, machinery, steel, and oversized cargo.
• Spot rates are slightly down by 1%, with the load-to-truck ratio increasing for most of the US since the construction season will now be in full swing.

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.