Total load activity increased 2.4% after rising about 4% during the previous week. Total volume was 3.6% above the same 2023 week but more than 30% below the five-year average for the week. Total truck postings declined 1.8%, and the Market Demand Index – the ratio of load postings to truck postings in the system – increased to its highest level in four weeks.
The total broker-posted rate declined just over 1 cent after holding basically flat during the prior week. Rates were nearly 4% below the same 2023 week and almost 6% below the five-year average for the week. Rates presumably will rise significantly during the current week. International Roadcheck week in both 2022 and 2023 saw rates rise about 7 cents week over week.
Dry van spot rates were down just over 1 cent after rising 4 cents in the previous week. Rates were nearly 2% higher than the same 2023 week but more than 8% below the five-year average. Dry van loads increased 3.8% from the previous week. Volume was less than 1% below the same 2023 week and more than 29% below the five-year average for the week.
Refrigerated spot rates fell 3.6 cents after surging about 16 cents during the previous week. Rates were about 5% above the same 2023 week for the strongest y/y comparison since the third week of this year. Refrigerated rates were about 3% below the five-year average for the week. Refrigerated loads fell 4.9% after rising nearly 11% during the prior week. Volume was nearly 3.6% below the same 2023 week and about 31% below the five-year average for the week.
Flatbed spot rates declined just over 1 cent after falling about the same amount in the prior week. Rates were about 5% below the same 2023 week and more than 5% below the five-year average for the week. Flatbed loads increased 4.4% from the previous week. Volume was more than 8% above the same week last year but nearly 34% below the five-year average for the week.