USDOT 4353234 · Regional & Local Freight Specialists
Truckload contract rates record October 2026: shrink-wrapped pallets of freight staged in a New Jersey warehouse
Rates · Shipper Guide

Truckload Contract Rates Hit Records in October 2026: How NJ/NY Shippers Should Negotiate

Tarifas de contrato de truckload en récord (octubre 2026): cómo negociar como shipper en NJ y NY

By Sultan Freight Editorial7 min read

By Sultan Freight Editorial · November 11, 2026 · 7 min read

Truckload contract rates set records in October 2026 across all three major equipment types, according to DAT's monthly report released Nov. 10. Van contract averaged $3.28 a mile including fuel, matching the May 2022 record. Reefer hit $3.62, a record for the second month in a row, and flatbed reached $4.05, a record for the third straight month. For shippers in New Jersey and New York heading into holiday freight, a record contract market changes how a renewal or a mini-bid should be handled.

Truckload contract rates record: the October 2026 numbers

Here is how contract compared with the spot market last month, national averages from DAT:

October 2026 (DAT)Contract, incl. fuelSpot, all-inContract over spotContract linehaul
Dry van$3.28 (ties record)$3.0523¢$2.45
Reefer$3.62 (record)$3.602¢$2.71
Flatbed$4.05 (record)$3.6144¢$3.05

The van spot average of $3.05 was the highest monthly figure since February 2022. DAT's Dean Croke summed up the month this way: "Brokers moved fewer loads than a year ago and paid carriers about a dollar a mile more to move them last month."

A record contract rate is not a carrier windfall. Take fuel out and the van contract linehaul is $2.45 a mile.

Why contract rates keep climbing without more freight

Volume did not drive these records. DAT's Truckload Volume Index was down year over year in every segment in October: van −2%, reefer −9%, flatbed −7%. What moved is supply and fuel:

  • Fewer trucks. Equipment posts on DAT One are running about 22% to 26% below last year, depending on equipment type.
  • More expensive diesel. The national on-highway diesel average was about $6.25 a gallon in October, roughly $2.60 above a year earlier. DAT estimates the spot fuel surcharge at 83¢ a mile for van, 91¢ for reefer and $1.00 for flatbed, about double year-ago levels.
  • Linehaul is not running away. Since July, van spot linehaul fell 17¢ while the fuel portion rose 21¢. We broke down that squeeze in our report on the record fuel surcharge per mile.

In plain terms, a large part of the "record" is the cost of keeping a truck fueled. DAT's own example: a van running 500 miles a day at 6 mpg spent about $521 a day on fuel in October, compared with $310 in February.

The reefer signal shippers should watch

Weekly data points to a tighter December. For the week of Oct. 31 to Nov. 6, DAT's seven-day average reefer spot rate rose 10¢ to $3.70, above October's $3.62 reefer contract average. The reefer load-to-truck ratio jumped to 19.0 from 15.7 in one week, with load posts up 16% and truck posts down 4%. Van spot rose 7¢ to $3.11 and flatbed 4¢ to $3.65.

When spot pays more than contract, carriers have less reason to accept a contracted tender at the old price, and routing guides tend to slip. If you ship temperature-controlled freight out of the NJ/NY corridor, assume your backup carriers will get more calls this month.

How to negotiate contract rates in a record market

  1. Split linehaul from fuel. Negotiate the linehaul and tie the fuel surcharge to the weekly EIA diesel average. Diesel fell 16.5¢ to $6.127 in the EIA report of Nov. 10, and DAT notes that diesel fell between early November and the end of December in 7 of the past 11 years (median drop about 11¢ a gallon). An indexed surcharge passes that relief to you automatically.
  2. Benchmark against both markets. Compare your contract offer with current contract and spot averages, not last year's bid. Our October contract vs. spot playbook explains how the gap works.
  3. Commit volume you will actually tender. Carriers price the risk of awarded lanes that never show up. A smaller, reliable commitment usually gets a better rate than a big one that doesn't materialize.
  4. Shorten the term or add a review clause. In a market that set records three months running, a 90-day review protects both sides better than a 12-month lock.
  5. Make your freight easy to haul. Clear dock hours, fair detention terms and prompt payment are worth real cents per mile to a small carrier.
  6. Vet who you award. Check authority and insurance before the first tender. Our 7-point carrier vetting check takes a few minutes.
Rule of thumb: if a quote doesn't show linehaul and fuel on separate lines, ask for it. You can't negotiate what you can't see.

What contract rates mean for NJ/NY lanes in Q4

These are national averages, not lane quotes, but they set the direction for every Northeast negotiation this quarter. DAT's 35-day RateCast points to van spot linehaul around $2.32 a mile by mid-December, reefer around $2.76 and flatbed around $2.64, which is no sign of relief before the holidays. Short regional moves price on more than miles, so compare quotes on the same basis using our guide to linehaul vs. all-in rates, and see how Northeast capacity is shaping up in NJ/NY truck capacity for Q4.

Where Sultan Freight fits

Sultan Freight Logistics LLC is a Newark, NJ carrier running box truck and dedicated routes in the Northeast under its own authority (USDOT 4353234 · MC# 1702404). If you're reviewing a contract lane or need a backup carrier for Q4, send us the lane through our quote page and ask for linehaul and fuel on separate lines.

Are you renegotiating any lanes before the holidays? Tell us on LinkedIn or Facebook; we read every reply.

Frequently asked questions

What were truckload contract rates in October 2026? According to DAT, van contract averaged $3.28 a mile including fuel (tying the May 2022 record), reefer $3.62 and flatbed $4.05, both records.

Why are contract rates at records if freight volume is down? Truck supply is 22% to 26% below last year on DAT One and diesel averaged about $6.25 a gallon in October, so carriers need more per mile to cover costs even with fewer loads.

Should a shipper sign a 12-month contract now? It depends on your volume, but in a market setting monthly records, many shippers prefer a shorter term or a review clause, with the fuel surcharge indexed to the weekly EIA diesel price.

Sources

Sultan Freight Logistics LLC · USDOT 4353234 · MC# 1702404 · Newark, NJ

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