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Saturday, September 30, 2023

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June 2020: Rates Rise, Still Below Average

Another month, another update regarding average freight rates for dry van, flatbed, and reefer hauling.

By coronavirus standards, rates are doing very well, and have passed pre-pandemic rates for dry van and reefer. By June standards, however, the freight rate still leaves a little bit to be desired. This point is best illustrated via graph, where rates are either only a penny above, slightly below, or very far below previous June months for the last three years.

If there is one silver lining, the trucking industry is closer to exceeding pre-pandemic levels than ever before. We will update you when flatbed exceeds $2.14 per mile, and we will break out the confetti to celebrate.

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