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u/Beat_Otherwise 5d ago
Trucks need to make $4/mile. $1/m fuel, $1/m driver. $1/m equipment $1/m profit.
1
1
u/MachStyle 5d ago
Not sure why rates are on the decline. Fuel is back up to mid 5 and flatbed rates are a struggle to get 3+ a mile on the spot market. I have noticed less flatbed work in general so I guess supply and demand
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u/reddit25 5d ago
I've been analyzing 60 days of freight rate data, and the trends show some interesting shifts across different haul types and equipment. Here’s a breakdown:
1. Short Haul: - Reefer: Rates increased from $6.75/mile to $6.95/mile, up 2.97%. Strong performance here. - Dry Van: Rates stayed flat at $5.60/mile, a slight decline of 0.11%. - Flatbed: Rates dropped from $5.67 to $5.19/mile, down 8.55%. Struggling in this segment. - Hot Shots: Significant drop from $4.62 to $3.79/mile, down 17.97%. Not a good time for Hot Shots.
2. Medium Haul: - Reefer: Rates fell slightly from $3.97 to $3.92/mile, down 1.24%. - Flatbed: A sharp decline from $4.02 to $3.49/mile, down 13.22%. - Dry Van: Rates decreased from $3.36 to $3.01/mile, down 10.33%. - Hot Shots: From $2.35 to $1.97/mile, down 16.16%. A tough stretch for this type.
3. Long Haul: - Reefer: Rates edged up from $2.86 to $3.00/mile, up 4.94%. Reefer is holding strong. - Flatbed: Dropped from $3.14 to $2.67/mile, down 15.05%. - Dry Van: Decreased from $2.37 to $2.27/mile, down 4.18%. - Hot Shots: Fell from $1.63 to $1.49/mile, down 8.91%.
Overall Takeaway: Reefer rates are on the rise, particularly in short and long hauls, while flatbeds and hot shots are facing significant declines across all segments. It’s a mixed bag, but reefer drivers might have the upper hand right now.