Home > Scale Funding Insights > Current Freight Rates – March 2024
March 10, 2024
Trucking News – US Freight Rates
April 02, 2024– Courtesy of DAT Trendlines
March 2024 Freight Rates | |||
| Mar 25 – Mar 31 vs. Mar 18 – Mar 24 | Mar 2024 vs. Feb 2024 | Mar 2024 vs. Mar 2023 | |
| Spot Market Loads | +2.7% | +12.3% | -14.6% |
| Spot Market Capacity | -9.1% | -6.1% | -22.7% |
| Van Load-To-Truck | +18.8% | +12.1% | +17.1% |
| Van Rates (Spot) | +0.3% | -2.5% | -7.4% |
| Flatbed Load-To-Truck | +7.6% | +35.4% | -2.9% |
| Flatbed Rates (Spot) | +1.4% | +0.8% | -8.0% |
| Reefer Load-To-Truck | +6.0% | +8.7% | +16.0% |
| Reefer Rates (Spot) | -0.8% | -2.7% | -6.0% |
| Fuel Prices | +0.1% | -0.5% | -4.5% |
Van Freight Rates – March 12, 2024
DAT.com’s March 10th Trendlines Report shows current national van rate averages are at $2.01 per mile, ¢5 lower than the February average.
According to DAT, the highest average van rates are in the Midwest at $2.28 per mile. The lowest average van rates are in the East Coast at $1.89 per mile.
DAT reports the current national load-to-truck ratio is 2.74 loads-to-truck, compared to the February average of 2.82. Ratios are highest in the East Coast states. The lowest ratios are in the North and West Coast states.
Reefer Freight Rates – March 12, 2024
Reefer freight rates are averaging $2.33 per mile, ¢9 lower than in February. Reefer rates are highest in the Midwest, averaging $2.71 per mile. The lowest rates are in the Northeast, with an average of $2.15 per mile.
National reefer capacity is at 4.54 loads-to-truck, compared to the February average of 4.44 loads-to-truck.
Current load-to-truck capacity shows reefer demand is highest in the Southern states. The Midwest states have the lowest load-to-truck ratios.
Flatbed Freight Rates – March 12, 2024
National average flatbed rates are currently $2.49 per mile, ¢1 higher than the February average.
The Midwest has the highest average flatbed rates at $2.72 per mile. The lowest rates are in the West, with an average of $2.18 per mile.
Nationally, load-to-truck ratios are at 16.93, compared to 13.65 in February. Load ratios are highest in the Southeast. The Southwest has the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of March 12, 2024.
Checking fuel prices, the national average diesel price is $4.00 a gallon compared to $4.11 one month ago and is down ¢24 compared to one year ago.
East Coast diesel prices are averaging $4.12 per gallon. The average price in the Midwest is $3.91 per gallon. California diesel prices are averaging $5.21 per gallon.
| Change from | |||||
| 03/18/24 | 03/25/24 | 04/01/24 | Week Ago | Year Ago | |
| US | 4.028 | 4.034 | 3.996 | -0.038 | -0.109 |
| East Coast (PADD 1) | 4.127 | 4.125 | 4.083 | -0.042 | -0.143 |
| New England (PADD 1A) | 4.300 | 4.321 | 4.305 | -0.016 | -0.275 |
| Central Atlantic (PADD 1B) | 4.301 | 4.294 | 4.271 | -0.023 | -0.256 |
| Lower Atlantic (PADD 1C) | 4.046 | 4.042 | 3.990 | -0.052 | -0.088 |
| Midwest (PADD 2) | 3.955 | 3.986 | 3.949 | -0.037 | -0.003 |
| Gulf Coast (PADD 3) | 3.745 | 3.717 | 3.670 | -0.047 | -0.217 |
| Rocky Mountain (PADD 4) | 3.968 | 3.986 | 3.949 | -0.037 | -0.201 |
| West Coast (PADD 5) | 4.639 | 4.666 | 4.651 | -0.015 | -0.073 |
| West Coast less California | 4.148 | 4.173 | 4.147 | -0.026 | -0.295 |
| California | 5.203 | 5.224 | 5.221 | -0.003 | +0.174 |
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