Total load activity declined 3.7% after decreasing nearly 6% during the previous week. Total volume was nearly 13% below the same 2023 week and almost 35% below the five-year average. Truck postings ticked up 0.2%, and the total Market Demand Index – the ratio of loads to trucks – declined to its lowest level since the final week of 2023.
The total broker-posted rate declined 3 cents after decreasing more than 4 cents in the prior week. Rates were about 7% below the same 2023 week and more than 5% below the five-year average. Even with the declines, total rates were less negative y/y than they were during any week between August 2022 and the third week of this year.
Dry van spot rates dropped just over 10 cents after falling nearly 5 cents during the previous week. Rates were more than 3% below the same week last year and more than 9% below the five-year average. Dry van loads fell 14.6% after declining nearly 11% during the prior week. Volume was more than 17% below the same 2023 week and nearly 38% below the five-year average for the week.
Refrigerated spot rates fell more than 8 cents after dropping more than 12 cents during the prior week. Rates, which were at their lowest level since mid-December, were about 4% below the same 2023 week and nearly 9% below the five-year average. Refrigerated loads fell 10.8% after declining by about the same degree during the previous week. Volume was about 13% below the same week last year and nearly 39% below the five-year average.
Flatbed spot rates declined more than 2 cents after decreasing 3.5 cents in the previous week. Rates, which had not fallen in consecutive weeks since November, were nearly 9% below the same week last year and about 4% below the five-year average. Flatbed loads rose 8.3% after easing 0.4% during the prior week. Volume was nearly 9% below the same 2023 week and almost 36% below the five-year average for the week.