Welcome to your May 2025 Dry Van Market Update! In this video, we delve into the latest trends, rate shifts, and regional hotspots shaping the dry van freight landscape. Whether you're a carrier, broker, or shipper, staying informed is key to navigating the current market dynamics.
📊 Market Overview:
Spot Rates: National dry van spot rates have seen a slight decrease, averaging around $1.60 per mile, reflecting a modest drop from previous weeks.
Load-to-Truck Ratio (LTR): The LTR has experienced a 5% uptick, reaching 4.84, indicating a tightening in capacity.
Carrier Landscape: April witnessed a surge in carrier exits, with 7,474 leaving the market—the highest in 12 months—highlighting ongoing challenges in the freight industry.
Ryan Transportation
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Reuters
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DAT
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DAT
🔥 Hottest Dry Van Markets:
South & Southeast: McAllen, TX; Laredo, TX; Savannah, GA; Atlanta, GA; Decatur, AL; North Charleston, SC.
Midwest: Evansville, IN; Cape Girardeau, MO.
Southwest: Tucson, AZ.
DAT
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Bobtail
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Bobtail
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❄️ Cooling Markets:
Northeast & Northwest: Boston, MA; Brooklyn, NY; Portland, OR; Seattle, WA; Missoula, MT; Spokane, WA.
Bobtail
🛑 Roadcheck Week Impact:
The annual CVSA Roadcheck Week (May 13–15) led to a significant tightening in capacity, with load-to-truck ratios increasing by 40–60% week-over-week. This annual event continues to be a pivotal factor in short-term market fluctuations.
ACT Research
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C.H. Robinson
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BM2 Freight
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📈 Economic Indicators:
Recent tariff implementations have caused a temporary surge in freight volumes as shippers rush to move goods ahead of increased costs. However, this is expected to be a short-term effect, with forecasts predicting a 4% year-over-year growth in dry van long-haul costs, down from earlier projections of 7%.
DAT
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C.H. Robinson
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C.H. Robinson
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🔍 Stay Ahead:
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