The trucking industry is witnessing significant changes as we enter 2025, particularly regarding freight rates. The national average for freight rates is currently at $2.17 per mile, which marks a positive shift for both U.S. and Canadian markets. This improvement is not just a fleeting moment; it is backed by tangible data and trends that suggest a recovery is underway.

This rise in freight rates reflects a healthier and more balanced trucking market after a period of challenges. The increase is being driven by a combination of factors, including higher demand for transportation services, increased manufacturing activity, and a stronger emphasis on securing reliable carriers. In the U.S., more brokers are reaching out directly to carriers, reversing the previous dynamic where carriers often had to pursue loads. In Canada, the uptick in inbound freight is providing a boost to the market, leading to higher activity at dispatch offices and more opportunities for truckers.

Additionally, specific sectors of the trucking industry are seeing even greater benefits. For instance, reefer divisions have experienced a notable spike in rates, currently averaging $2.57 per mile. This increase is largely due to the seasonal demand for protect-from-freeze services during winter. Similarly, van divisions have seen a steady rise, moving from $2.11 to $2.17 per mile, with expectations for continued growth as market conditions improve.

The trucking industry’s recovery, highlighted by these freight rate increases, signals a positive trend for small trucking companies and owner-operators. These changes not only improve gross earnings but also create opportunities to enhance operational efficiency. By staying informed about market conditions and leveraging the right tools and resources, carriers and owner-operators can maximize their profitability in this evolving landscape.

The importance of adapting to these changes cannot be overstated. Higher freight rates mean better earnings potential, but they also require strategic planning and efficient operations to fully capitalize on the market’s upward trajectory. As we continue into 2025, the outlook for freight rates remains promising. With ongoing improvements in the market and increasing demand for transportation services, the trucking industry is poised for sustained growth. Now is the time to take advantage of these opportunities and position your trucking business for long-term success.

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Current Trends in Freight Rates

Better freight rates for trucking in 2025In the first week of January, we are observing a notable uptick in orders. On the Canadian side, there has been an increase in inbound freight, which has resulted in more phone calls to our dispatch offices and a higher volume of trucks being posted. Brokers are now reaching out to carriers, signaling a reversal of the previous trend where carriers had to chase loads. This change indicates a healthier market where manufacturing plants must secure their carriers promptly.

Impact on Drivers

For company drivers, this means less downtime and fewer layovers. The promptness in offloading and immediate dispatch for inbound freight enhances overall efficiency. Reefer divisions are experiencing a spike in rates, currently averaging $2.57 per mile due to increased demand for protect-from-freeze services during the winter months. The van division has also seen an increase from $2.11 to $2.17 per mile, with expectations for further growth.

Fuel Costs and Financial Breakdown

Tips for Extra Fuel SavingsThe national average for fuel is $3.56 per gallon. For owner-operators, understanding how these rates translate into earnings is crucial. For example, if a long-haul truck driver averages 11,000 miles per month at the current rate of $2.17 per mile, the gross earnings would amount to $23,870. After deducting expenses such as fuel, tolls, insurance, and dispatch service fees, the net income can still be substantial. Utilizing a dispatch service can maximize your profitability during this time.

The Importance of Dispatch Services

This is an opportune moment to consider leveraging a dispatch service, especially as freight rates are on the rise. A dispatch service can help owner-operators secure better loads and streamline operations, potentially increasing earnings significantly. AFT Dispatch offers established truck dispatch services that can help small trucking companies and owner-operators maximize their profits by focusing on the right freight rates and operational efficiencies.

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Future Outlook for the Industry

Reflecting on the past, there has been a noticeable turnaround since Thanksgiving 2024, when all trucks were successfully covered for returns home—a first in many years. If you are contemplating entering the trucking industry or transitioning to an owner-operator role, now is the time to act. The market is favorable, and educational resources such as our library of free trucking videos are readily available to prepare you for the next steps.

Promising Signs of Improving Freight Rates

The trucking industry is on the cusp of an upswing, with freight rates showing promising signs of improvement. As we navigate this evolving landscape, the role of effective dispatch services cannot be overstated. They provide critical support to maximize earnings and operational efficiency. Are you ready to take advantage of the improving freight rates and enhance your profitability?

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Call or text us at (801) 448-6363 to learn more about how AFT Dispatch has helped carriers and owner-operators make more money on their miles for over a decade. Don’t forget to watch our weekly YouTube videos, be sure to subscribe to our channel, and take advantage of all the free resources we provide.