Load-to-Truck Ratio (LTR)
Even though last week was another short work week for shippers and brokers, load posts came in at just over one million loads, almost identical to where the dry van market started in 2018. Last week was the first time load posts exceeded one million since the volume surge in the week after Thanksgiving. Carrier equipment posts remained at the highest level in six years. As a result, last week’s dry van load-to-truck ratio (LTR) increased and remained unchanged at 5.56.
Linehaul Spot Rates
The national average dry van rate started in 2023 at 27% or $0.73/mile lower than last year. At $1.97/mile, dry van linehaul rates are around $0.30/mile higher than in 2020 before the pandemic and $0.27/mile higher than in the prior five pre-pandemic years for the first shipping week of the calendar year. The national average linehaul rate of $1.97/mile was $0.30/mile lower than the top 50 dry van lanes based on the volume of loads moved, which averaged $2.27/mile last week.
