--- title: Spot Market Insights from FTR & Truckstop.com - week of July 29, 2024 description: Van spot rates rise in the latest week. Truckstop and FTR provide expert analysis on transportation market trends. --- [![FTR_Logo_Primary_DarkBackground-4](https://freight.ftrintel.com/hs-fs/hubfs/FTR_Logo_Primary_DarkBackground-4.png?width=400&height=111&name=FTR_Logo_Primary_DarkBackground-4.png "FTR_Logo_Primary_DarkBackground-4")](https://www.ftrintel.com) [![FTR-SpotMarketInsights_2022_website_header-1](https://freight.ftrintel.com/hubfs/FTR-SpotMarketInsights_2022_website_header-1.jpg "FTR-SpotMarketInsights_2022_website_header-1")](https://freight.ftrintel.com/spotmarketinsights) ## **Van spot rates ease as seasonally stronger period approaches** Broker-posted spot rates in the Truckstop system declined for the third straight week during the week ended July 26 (week 30) following holiday-related strength in early July. Rate softness in July is the norm, but spot rates for van equipment – especially refrigerated vans – are on the verge of a typical firming period heading into Labor Day. Van spot rates remained higher y/y in the latest week, although their positive comparisons tightened. Flatbed spot rates were marginally below the same 2023 week.   ![Total loads_072924](https://freight.ftrintel.com/hs-fs/hubfs/SMI%20-%20Spot%20market/2024/07.29.2024/Total%20loads_072924.png?width=474&height=271&name=Total%20loads_072924.png)   Total load activity increased 2.5% after declining 6.5% during the previous week. Total volume was nearly 11% above the same 2023 week but more than 24% below the five-year average for the week. Total truck postings increased more than 5%, and the Market Demand Index – the ratio of load postings to truck postings in the system – declined to its lowest level since February except for the week that included the Fourth of July holiday.       ![Total rates_072924](https://freight.ftrintel.com/hs-fs/hubfs/SMI%20-%20Spot%20market/2024/07.29.2024/Total%20rates_072924.png?width=474&height=271&name=Total%20rates_072924.png)   The total broker-posted rate eased just over 1 cent after decreasing nearly 3 cents in the previous week. Total rates were nearly 1.4% above the same 2023 week but about 7% below the five-year average for the week. Although rates usually decline week over week during week 30, decreases are less reliable than they are for week 29. Total rates typically stabilize around early August as gains in van rates start to offset declines in flatbed rates. Week 31 usually sees week-over-week increases in van spot rates but declines in flatbed rates.       ![Dry van rates_072924](https://freight.ftrintel.com/hs-fs/hubfs/SMI%20-%20Spot%20market/2024/07.29.2024/Dry%20van%20rates_072924.png?width=474&height=271&name=Dry%20van%20rates_072924.png)   Dry van spot rates decreased 1.6 cents after falling nearly 6 cents in each of the two most recent weeks. Rates were up 1.6% y/y – the smallest positive comparison in the last four weeks – but were still down almost 11% versus the five-year average. Dry van loads eased 1.1%. Volume was more than 8% below the same 2023 week and 30% below the five-year average for the week.         ![Refrigerated rates_072924](https://freight.ftrintel.com/hs-fs/hubfs/SMI%20-%20Spot%20market/2024/07.29.2024/Refrigerated%20rates_072924.png?width=474&height=271&name=Refrigerated%20rates_072924.png)   Refrigerated spot rates decreased nearly 3 cents after falling 4.6 cents during the previous week. Rates had risen week over week during each week 30 between 2020 and 2023. Refrigerated rates were about 2% above the same 2023 week but more than 8% below the five-year average. Refrigerated loads decreased 3.1%. Volume was about 7% below the same 2023 week and nearly 30% below the five-year average for the week.          ![Flatbed rates_072924](https://freight.ftrintel.com/hs-fs/hubfs/SMI%20-%20Spot%20market/2024/07.29.2024/Flatbed%20rates_072924.png?width=474&height=271&name=Flatbed%20rates_072924.png)   Flatbed spot rates declined nearly 2 cents decreasing more than 1 cent during each of the two most recent weeks. Rates, which usually decline during week 30, were down 0.2% from the same 2023 week and nearly 7% below the five-year average. During week 29, flatbed saw its first positive y/y spot rate comparison in nearly two years. Flatbed loads rose 5.3%. Volume was nearly 38% above the same week last year – the strongest y/y comparison since the end of 2021 – but about 23% below the five-year average for the week.     --- ##### Leveraging robust Truckstop data with the expert analysis of FTR Transportation Intelligence, Truckstop and FTR partner to bring you timely and relevant transportation market forecasts and analyses to help you run your business. ### About FTR From freight demand to system capacity to equipment production, our clients benefit from the industries most reliable forecasts, quantitative market intelligence, key trends, and comprehensive analysis on North American freight transportation. Transportation professionals apply this information to their internal planning, forecasting, and market analysis. 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