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Reefer carriers experience early-winter rate declines

TransCore reports that refrigerated (reefer) carriers serving the Atlanta GA and Philadelphia PA markets experienced sharp rate declines on the spot market in the most recent 30-day period, from mid-December 2010 through mid-January 2011. Los Angeles CA rates also declined substantially, due to seasonal trends that were not weather-related.

Overall, reefer linehaul rates slipped by 2% (approximately $0.03) since mid-December, while fuel surcharges have generally climbed by about $0.02 per mile. The net result was a dip of about a penny in the “all-in” rate per mile.

Chicago IL was the only market to show a slight increase in outbound rates, as carriers demanded more money to go to Dallas TX and Philadelphia. Rate changes were moderate in other markets, including Atlanta and Dallas.

TransCore’s truckload rate trend of the week is taken from the company’s Truckload Rate Index, which covers $4 billion in actual invoices that are updated daily for reefers, vans, and flatbeds across the United States and Canada. The truckload rate trend of the week is a feature of TransCore Trendlines, a free, weekly subscription with key indicators from TransCore’s US Freight Index, the standard spot freight market barometer based on more than 60 million loads and trucks listed annually by freight brokers, third-party logistics providers (3PLs), shippers, and carriers across the United States. TransCore Trendlines also includes industry data from the American Trucking Associations and the US Department of Energy.

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