December 4 |
Dry van rate gain remains strong in week after Thanksgiving |
Spot rates for refrigerated equipment reflected expected seasonal strength in the latest week, but dry van equipment is not yet showing any signs of typical holiday gains. Broker-posted spot rates in the Truckstop system during the week ended November 3 (week 44) rose for only the second time since the end of August as a sharp increase in refrigerated spot rates offset small declines in flatbed and dry van. All three segments saw stronger load postings, but refrigerated greatly outpaced the others.
November 20 |
Spot rates lag seasonal expectations heading into Thanksgiving |
Total broker-posted spot rates in the Truckstop system almost always rise during the week before Thanksgiving, but that did not happen during the week ended November 17 (week 46). Spot rates barely changed for refrigerated and flatbed, and dry van spot rates declined modestly. All three equipment types usually see rate increases during the week before Thanksgiving. Capacity shortfalls during Thanksgiving week usually mean higher dry van spot rates, but last week’s weakness creates uncertainty.
November 13 |
Spot rates continue to track mostly with seasonal expectations |
After rising for the first time in five weeks, total broker-posted spot rates in the Truckstop system returned to their slight downward trend during the week ended November 10 (week 45). Spot rates for refrigerated equipment rose for a second straight week for the first time since early September. Dry van spot rates were unchanged while flatbed rates declined by the most in five weeks. Spot rates are down year over year in all three segments, but they are generally following seasonal expectations.
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