Dry van rates hit double-digit gains in Q2
September 1, 2011
The dry van market continues to see pricing gains above the industry average. Year-over-year gains hit 10% in the second quarter of 2011, up from the 8% seen in Q1. We expect pricing to continue to stay strong during the fall shipping season, staying at 10%, before easing back to the 5% mark by the start of 2012. When regulatory impacts emerge in mid-2012 rate gains should once again come close to the double-digit mark.
Dry van rates fell 12.7% in 2009 but quickly rebounded and rose 5.3% in 2010. We anticipate seeing rates rising 8.9% in 2011, 5.1% in 2012, and reaccelerating in 2013 to rise 7.5%.
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