Dry Van Rates
Dry Van Rates in October 2023
US dry van truckload spot rates, continued to bump along the bottom, down 1¢ m/m in October at $1.55 per mile.
DAT dry van contract rates, net fuel, rose 3¢ m/m in October to $2.06 per mile, though September was revised down 2¢ since last month.
To see how dry van rates change in the future, and for detailed analysis and forecasts for truckload, less-than-truckload, and intermodal, see ACT's freight & transportation forecast.
The loose market could outweigh the seasonal pickup in the weeks to come, but price sensitivity is elevated around the holidays, so we see rates trending above seasonality into year end. Further out, freight demand is broadly starting to rise, and equipment sales are starting to fall, so the load/truck ratio should gradually start to move higher.
Tim Denoyer
VP & Sr. Analyst
Resources
Whether you’re new to our company or are already a subscriber, we encourage you to take advantage of all our resources.