Issue link: https://read.dmtmag.com/i/14162
Gauges MARKET Reefer, dry van rates increase Rreefer rates rose 5 cents from May to June and dry van rates increased 7 cents in the same period. Flatbed rates changed little in June. DRY VAN ■■ $2.50 $2.25 $2.00 $1.75 $1.50 $1.25 $1.00 FLATBED ■■ REEFER ■■ SHIPPING RATES Numbers that affect and reflect your business Slower rebound for rest of year Truck tonnage jumped 7.2 percent in May compared with the same month in 2009, but freight volumes flattened in June, according to the American Trucking Associations. A slow- ing economy is not unexpected after 11 months of manufac- turing recovery, says Norbert Ore, of the Institute of Supply Management. “Expectations have been that the second half of the year will not be as strong in terms of the rate of growth, and June appears to validate that forecast,” Ore says of ISM’s analysis of June manufacturing data. 2008 INCOME In the first quarter of 2010, net income per mile decreased 5 cents for independent contractors pulling flatbed and 2 cents per mile for reefer and dry van operators, says financial services provider ATBS of its owner- operator clients. DRY VAN ■■ 11,000 10,500 10,000 9,500 9,000 8,500 8,000 7,500 $1.80 $1.60 $1.40 $1.20 $1.00 $0.70 $0.60 $0.50 $0.40 $0.30 FLATBED ■■ REEFER ■■ MILES PER MONTH July 12 national average: $2.90 $2.91 REVENUE PER MILE 2008 2009 2010 $3.06 $2.87 $2.92 $2.86 2008 2009 NET INCOME PER MILE 2010 July 12 lane averages Atlanta-Buffalo Chicago-Dallas Dallas-Jacksonville Houston-Mobile 2008 2009 Quarterly data points represent three-month averages. 2010 Los Angeles-Denver Memphis-Cleveland Philadelphia–Indianapolis St. Louis–Boston Seattle-Phoenix 16 OVERDRIVE AUGUST 2010 $2.93 $2.90 $2.89 $2.81 $3.01 $2.91 $2.99 $2.99 $3.06 FUEL SURCHARGE INDEX (www.Fuel- SurchargeIndex.org) prices are collected daily from more than 5,500 truck stops and averaged along specific routes. U.S. DEPARTMENT OF ENERGY (eia.doe.gov) average prices are collected weekly from about 350 truck stops. 2009 2010 120 110 100 90 For-hire truck tonnage index DIESEL Internet Truckstop Tonnage (Seasonally adjusted, 2000 = 100) 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 American Trucking Associations 2009-2010 Trends Report and Monthly Truck Tonnage Reports