Trucking

Reefer Rates Surge Above Historical Average as Holiday Season Freight Accelerates

Refrigerated freight spot linehaul rates climbed to $2.60 per mile this week, substantially above the nine-year seasonal average of $2.17 per mile and near historical highs. The reefer load-to-truck ratio jumped to 19, the year's highest reading. Great Lakes origins commanded the steepest rates at $3.92 per mile, leading the nation's top 10 reefer regions. Contract rates held marginally above spot pricing, though the spread has reversed four times since April. The forecast projects rates will ease to $2.19 per mile, but the trajectory reflects strong seasonal demand. Christmas tree shipments are already moving from Oregon into late November, while Thanksgiving week traditionally triggers significant volume in turkeys, dairy, and produce. This peak demand period represents the busiest stretch for perishables annually.