Like the previous two months of freight data, one form of freight deviates in direction from the others. This month, however, two rates dropped while only one rose.
Of the three forms of freight, the biggest change happened with dry vans, dropping nine cents to have its rate the lowest since August. It is still well and above the 2020 average for flatbed hauling, and even higher when compared to January 2020.
Reefers also fell, but remain near their peak that occurred in November. Reasons for this may be the need for coronavirus vaccines to remain temperature controlled. For the most conspicuous example, Moderna vaccines need to be kept at temperatures that a standard reefer trailer can provide without modifications or workarounds.
Flatbed increased one cent per mile, continuing to be at its highest rate since mid-2018. There may even come a time where they will exceed reefer hauling on a rate per mile basis, though with the current gap it is unlikely that we will see that soon.
As a whole, the average dropped as the drop for dry vans and reefers exceeded the slight gains flatbeds enjoyed in January.
What will happen to rates come February?
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