Refrigerated Rates
Reefer Rates in May 2024
DAT reefer spot rates, net fuel, rose 12¢ per mile m/m to $1.95 in May, 4¢ above the normal seasonal pattern from a cycle low in seasonally adjusted terms in April. In early June, reefer rates were trending a few cents below seasonality.
DAT reefer contract rates, net fuel, were up 2¢ m/m in May at $2.34 per mile, though April was revised down 3¢. In seasonally adjusted terms, rates were steady sequentially and continued to bounce along the bottom.
To see how reefer rates change in the future, and for detailed analysis and forecasts for truckload, less-than-truckload, and intermodal, see ACT's freight & transportation forecast.
Particularly with a soft produce market, private fleet activity may have outsized effects on the reefer market, where rates are currently at a smaller premium than normal.
Tim Denoyer
Vice President & Senior Analyst
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