Market Weekly

Week of May 8, 2023

CloudTrucks’ data scientists analyze market rates and activity on a continual basis to provide insight into high-paying, top-quality loads.

At a Glance

Dry Van RPM

Dry van rate per mile trending upDry van rate per mile trending downDry van rate per mile neutral
$1.69

EIA Diesel Price

Diesel price trending downDiesel price trending upDiesel price neutral
3.92

Dry Van advertised all in spot rates were up 1 cent per mile (0.6%) to $1.69 relative to last week with a little over have of the lanes showing an increase

EIA Diesel prices were down $0.096 (-2.4%) over the past week to $3.922. $1.701 below the year ago price and down $1.888 (-32.5%) from the all-time weekly high of $5.810 for the week of June 20th of last year.

Largest Percentage Increase in Rates

Loads originating from OR_Medford, NE_N_Platte, ND_Bismarck, OR_Pendleton, CA_Fresno, and CA_San_Francisco markets had the largest percentage increase in rates.

Loads delivering to WV_Huntington, MN_Duluth, OH_Toledo, WV_Charleston, GA_Tifton, and VA_Norfolk markets had the largest percentage increase in rates.

6 Highest Long Haul Rates

The 6 highest long haul rates were out of TN_Memphis, AR_Little_Rock, MO_Cape_Girardeau, IA_Cedar_Rapids, AL_Decatur, and ND_Fargo markets with an average rate of $1.88, down 2 cents from last week.

The 6 highest long haul lanes were into WA_Spokane, OR_Pendleton, WA_Seattle, NM_Albuquerque, CO_Denver, and MT_Missoula markets with an average rate of $1.93, down 2 cents from last week.

6 Lowest Long Haul Rates

The 6 lowest long haul rates were out of NM_Albuquerque, OR_Portland, MA_Boston, WA_Seattle, MA_Springfield, and CT_Hartford markets with an average rate of $1.15, down 5 cents from last week.

The 6 lowest long haul rates were into CA_San_Diego, CA_Ontario, CA_Los_Angeles, KY_Bowling_Green, TX_Laredo, and TX_McAllen markets at an average of $1.23, down 4 cents from last week.

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