Total load postings increased 4.0%. Volume was about 44% below the same 2021 week and just barely below the five-year average for the week. Load postings were up in all regions except for the Northeast, although the increase in the South Central region was just 0.4%. Truck postings increased 6.4%, and the Market Demand Index – the ratio of loads to trucks in the Truckstop.com system – eased to its lowest level since early June 2020.
The total broker-posted rate in the system fell nearly 7 cents. Rates were nearly 10% below the same 2021 week, but they were 13% above the five-year average for the week. However, FTR estimates that excluding an imputed fuel surcharge, rates would be down more than 21% year over year.
Dry van spot rates decreased nearly 8 cents. Rates were about 18% lower than the same 2021 week but about 2% higher than the five-year average for the week. However, dry van rates were about 33% lower than the same 2021 week if an imputed fuel surcharge is excluded. Dry van load postings edged up 0.8%. Volume was nearly 47% below the level posted in the same 2021 week and 3.0% below the five-year average for the week.
Refrigerated spot rates declined about 4 cents. Rates were nearly 21% below the same 2021 week but about 4% above the five-year average for the week. Rates excluding fuel surcharges were about 32% below the same week last year. Refrigerated load postings ticked up 0.5%. Volume was nearly 52% below the same 2021 week and about 1% below the five-year average for the week.
Flatbed spot rates fell nearly 9 cents. Rates were more than 4% below the same 2021 week, but they were still more than 19% above the five-year average for the week. Excluding an imputed surcharge, flatbed rates were more than 15% below the same week last year. Flatbed load postings rose 6.5%. Volume was nearly 46% below the same 2021 week and nearly 6% below the five-year average for the week.