Dry Van rates are improving, should be strong this fall
June 7, 2011
The dry van market has seen pricing gains just above the industry average for the last year. Unlike the broader market, pricing gains have started to accelerate in the dry van market, approaching 8% in March. We expect pricing to max out during the fall shipping season, hitting 10%, before easing back to the 5% mark to start 2012. When regulatory impacts emerge in mid-2012 rate gains should once again be in the double-digits.
Dry van rates fell 12.7% in 2009 but quickly rebounded and rose 5.3% in 2010. We anticipate seeing rates rising 9.0% in 2011, 7.6% in 2012, and reaccelerating into 2013 to rise 8.5%.
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