Roundup

Reefer holds its ground while every dry-freight index slips

Freight revenue fell almost everywhere in July — except on the reefer — as the industry biggest lobby lost its president and more driverless miles moved closer.


Rates softened across most of the freight market last month, but not evenly, and the gaps are where the work is.

**Reefer is the trailer still paying.** The national produce reefer rate held at .14 a mile in the week to Aug. 18, off just 1.0% on the week and still up 9.1% on the year. Set that against July PPI, where dry van truckload revenue fell 1.3% on the month and less-than-truckload dropped 4.6% — the steepest decline of any segment. Reefer is the one line holding its value right now; if you have the refrigerated trailer, this is the freight to be chasing. See the segment trends on our data pages.

**The ATA loses its president.** Chris Spear has left the American Trucking Associations effective immediately, and the industry biggest lobbying group is now searching for a successor — a leadership gap at the top of federal trucking advocacy heading into a busy regulatory stretch.

**Owner-operators get another trailer option.** Trailer-sharing platform REPOWR and owner-operator accounting firm ATBS have teamed up to widen trailer access for independents — worth a look if the reefer math above has you wanting equipment without buying it outright.

**More driverless miles are coming.** As many as 100 autonomous trucks could soon be sharing public highways, The Trucker reports — one to watch for anyone running the corridors they will be tested on.


Elsewhere
Data behind this story
Figure 1

Refrigerated produce truck rate, national average

Dollars per mile Source: USDA Agricultural Marketing Service Reefer rate per mile. Refrigerated produce only, and an unweighted mean across whichever lanes were active that week -- so the mix shifts with the growing season. Treat week-to-week moves in the lane table as more meaningful than in this average.