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May 2020: Two Freight Rates Fall, One Rises

The month of May resulted in some interesting phenomena for the trucking industry: usually when it comes to dry van, flatbed, and reefer hauling, the rates all change in the same direction. This has been a crazy year, which leads to some crazy changes.

For May, the reefer rate average rose, most likely due to the rising temperatures that come with the middle of the year. In contrast, dry van and flatbed hauling have dropped to their lowest points in at least the last three years.

Here are the graphs. Keep in mind the averages from April have been updated as DAT corrects their data over time to make it more accurate.

Dry Van May 2020

Dry Van April: $1.63

Dry Van May: $1.59

Flatbed May 2020

Flatbed April: $1.94

Flatbed May: $1.90

Reefer May 2020

Reefer April: $1.93

Reefer May: $2.01

Article courtesy of TopMark Funding.

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