Following strong gains during the previous week, broker-posted spot rates in the Truckstop system for van equipment declined during the week ended September 6 (week 36) by more than usual during the week that includes Labor Day. Refrigerated spot rates fell by the most during a comparable week since at least 2008. Dry van spot rates saw a smaller decrease, but it was the largest for a week 36 since 2014. However, flatbed broke its streak of rate drops by rising for the first time in 12 weeks.

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Broker-posted van spot rates in the Truckstop system have underperformed seasonal expectations recently, but they rose sharply during the week ended August 30 (week 35) as they usually do during the week before Labor Day. Refrigerated van rates surged by the most in a week 35 since at least 2008. Dry van rates were not as strong historically but rose by the most since International Roadcheck week in May. Flatbed rates, however, were down for an 11th straight week to their lowest level since July 2020.

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Total broker-posted spot rates in the Truckstop system fell to their lowest level since July 2020 during the week ended August 23 (week 34) due mostly to the recent decline in flatbed rates. In the previous week, total rates still had been slightly higher than they were during most of last year’s fourth quarter. Refrigerated spot rates ticked up a small fraction of a cent, but dry van spot rates were the lowest since mid-May. Flatbed rates were the lowest since July 2020 except for the final week of 2023.

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Total broker-posted spot rates in the Truckstop system decreased during the week ended August 16 (week 33) as all equipment types saw lower rates week over week. The decline in spot rates mostly was in line with seasonal expectations as both dry van and flatbed rates typically move lower during week 33. Refrigerated spot rates usually see gains during that week, although at least the decrease was the smallest of all equipment types. Van rates during week 34 typically rise in the run-up to Labor Day.

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