May 13

Spot rates ease heading into International Roadcheck week

Total spot loads_051324

Broker-posted spot rates declined for each of the three principal equipment types during the week ended May 10 (week 19), although the changes were basically in line with seasonal expectations. Dry van, refrigerated, and flatbed spot rates each declined by no more than they did during the same week last year. The coming week includes the three-day International Roadcheck roadside inspection event, which almost always results in sharp increases in spot rates as many drivers choose not to operate.

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May 6

Refrigerated rates surge in the latest week

Total loads_050624

Broker-posted spot rates for refrigerated equipment recorded their largest week-over-week gain this year during the week ended May 3 (week 18). Refrigerated spot rates often rise sharply during the same week of the year in the run-up to Mother’s Day, although the increase was the largest for a week 18 over at least the past decade except for 2021 when the week coincided with International Roadcheck. Dry van spot rates rose after two down weeks while flatbed rates declined for a second straight week.

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April 29

Van spot rates mixed, flatbed down in the latest week

Total loads_042924

The total broker-posted rate in the Truckstop system declined by the most in 11 weeks during the week ended April 26 (week 17) as flatbed spot rates dropped and dry van and refrigerated rates moved in oppositive directions. Dry van spot rates fell to their lowest level in nearly a year while refrigerated spot rates posted their sharpest gain since mid-January. Both moves were in keeping with seasonal expectations. Flatbed spot rates fell by the most in a week since early February.

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April 22

Total spot rate barely moves in the latest week

Total loads_042224

The total broker-posted rate in the Truckstop system ticked up a fraction of a cent during the week ended April 19 (week 16) as an increase in flatbed rates roughly offset declines in dry van and refrigerated rates. The total market rate was at its highest level since the end of June, but rates for van equipment were at their lowest levels in about a year. Flatbed rates were at their highest level since January of last year. Even so, van rates were slightly higher y/y while flatbed rates were down.

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