June 30 |
Van spot rates rise as expected in the latest week |
Broker-posted spot rates in the Truckstop system saw their strongest overall increase in 10 weeks during the week ended June 27 (week 25) as rates rose for all equipment types. The increase for dry van spot rates was the largest in five weeks while the refrigerated spot rate gain was the largest in six weeks. Flatbed rates also ticked up slightly in a week that – in recent years, at least – usually sees lower rates. Solid gains in van equipment spot rates are almost a given during late June.
June 23 |
Van spot rates remain soft ahead of typical mid-year peak |
Broker-posted spot rates in the Truckstop system declined for the three principal equipment types during the week ended June 20 (week 24), but the performance was roughly in line with seasonal expectations. Week 24 of the year often sees lower spot rates week over week, although a calendar distortion arguably means that the latest week would be more comparable to last year’s week 25 – a week that saw solid gains in dry van and refrigerated rates. Flatbed spot rates typically decline in both weeks.
June 16 |
Refrigerated rates recover heading into mid-year peak |
Broker-posted spot rates in the Truckstop system for dry van and flatbed equipment declined during the week ended June 13 (week 23) but refrigerated spot rates increased for the first time in four weeks. The moves for all three were mostly in line with seasonal expectations. Spot rates and load volume for refrigerated and dry van equipment are expected to rise for the next couple of weeks as the market moves toward its traditional mid-year strength. Flatbed spot rates tend to soften until mid-August.
June 9 |
Van spot rates decline largely in line with seasonality |
Broker-posted spot rates in the Truckstop system for dry van and refrigerated equipment declined during the week ended June 6 (week 22), although softening is typical between Memorial Day and the traditional run-up in rates later in the month. Flatbed spot rates barely changed. Spot volume rose for each of the principal equipment types, which is unusual for a week 22 but typical for the week after Memorial Day week. A calendar disconnect continues to distort y/y comparisons for loads somewhat .
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