Total load activity eased 0.6% after falling about 3% during the previous week. Total volume was up nearly 10% from the same 2023 week but almost 24% below the five-year average for the week. Total truck postings ticked up 0.9%, and the Market Demand Index – the ratio of load postings to truck postings in the system – declined slightly.
The total broker-posted rate edged up slightly more than 1 cent after easing just under 1 cent during the prior week. Rates were 2% below the same 2023 week – the least negative y/y comparison since July 2022 – and 3% below the five-year average for the week.
Dry van spot rates increased 2.6 cents after falling about 4 cents in the previous week. Rates were 2.4% above the same 2023 week for the strongest y/y comparison since April 2022. Only two weeks since then have seen rates at all higher y/y, and those were during the winter weather event in January. Dry van rates were 6% below the five-year average, however. Dry van loads increased 4.3%. Volume was less than 3% above the same 2023 week but nearly 19% below the five-year average for the week.
Refrigerated spot rates declined more than 1 cent after falling about 7 cents during the prior week. Rates were 1% above the same 2023 week but more than 6% below the five-year average for the week. Refrigerated loads increased 3.7%. Volume was about 2% below the same 2023 week and about 33% below the five-year average for the week.
Flatbed spot rates increased about 2 cents after easing six-tenths of a cent in the previous week. Rates were nearly 3% below the same 2023 week and about 4% below the five-year average for the week. Flatbed loads declined 3.9%. Volume was nearly 18% higher than the same week last year but about 18% below the five-year average for the week.