Trucking Rates and Employment Rallies Upward

In May, the rates for the spot market experienced an upward push that resulted in a jump across the board in the significant load segments: dry van, reefer, and flatbed. These rate increases are the highest that the industry has ever seen, particularly in flatbed rates.

The rate (per mile) increases are:

  • Flatbed: $2.66 to $2.75
  • Reefer: $2.71 to $2.81
  • Dry van: $2.49 to $2.52

Along with per mile rate increases, the market has bounced back from the slip in employment it experienced in April. Since November of last year, the industry has seen a growth of almost 22,000 jobs. This growth has pushed the industry employment to nearly 1.5 million.

This growth, unfortunately, exacerbates the necessity for safe, reliable, and predictable parking that the industry is already experiencing. RigPark is the solution to the industry-wide need for such parking.

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