Dry Van Rates
Dry Van Rates in February 2024
US dry van truckload spot rates fell 12¢ per mile m/m to 1.60 per mile in February, and after three m/m increased in seasonally adjusted terms, fell 4¢ from January and were still trending lower in early March.
DAT dry van contract rates, net fuel, fell 5¢ m/m in February to $2.01 per mile, down 5¢ m/m seasonally adjusted. We continue to hear about rate pressure from bids that will go into effect in the coming months, though pressure on contract rates is lessening following the stabilization in spot rates for nearly a year now.
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.
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