Total load activity fell 10.3% after rising about 6% in the previous week. Total volume was more than 9% higher than it was during same 2024 week although both dry van and refrigerated loads were down y/y. Volume was 22% below the five-year average. Total truck postings decreased 3.4%, and the Market Demand Index – the ratio of load postings to truck postings in the system – fell to its lowest level in five weeks.
The total market broker-posted spot rate was practically unchanged, dipping by just a tenth of a cent after rising nearly 1 cent in the prior week. Total rates were 0.4% higher than during the same 2024 week but almost 9% below the five-year average.
Dry van spot rates declined 1.3 cents after rising by slightly more than that in the prior week. Rates were 1.5% lower than in the same 2024 week and nearly 14% below the five-year average. Dry van loads fell 12.6%. Volume was about 4% below the same week last year and more than 35% below the five-year average.
Refrigerated spot rates increased 2 cents after rising by basically the same about during the previous week. Rates were 1% higher than the same 2024 week but about 10% below the five-year average for the week. Refrigerated loads declined 4.1%. Load volume was close to 15% below the same week last year and more than 40% below the five-year average.
Flatbed spot rates were nearly flat for a second straight week, easing two-tenths of a cent after declining three-tenths of a cent in the prior week. Rates, which are at their lowest level since February, were 0.4% below the same 2024 week and about 9% below the five-year average. Flatbed loads fell 10.1%. Load volume was almost 27% above the same 2024 week but close to 12% below the five-year average.