Broker-posted spot rates for refrigerated equipment recorded their largest week-over-week gain this year during the week ended May 3 (week 18). Refrigerated spot rates often rise sharply during the same week of the year in the run-up to Mother’s Day, although the increase was the largest for a week 18 over at least the past decade except for 2021 when the week coincided with International Roadcheck. Dry van spot rates rose after two down weeks while flatbed rates declined for a second straight week.

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The total broker-posted rate in the Truckstop system declined by the most in 11 weeks during the week ended April 26 (week 17) as flatbed spot rates dropped and dry van and refrigerated rates moved in oppositive directions. Dry van spot rates fell to their lowest level in nearly a year while refrigerated spot rates posted their sharpest gain since mid-January. Both moves were in keeping with seasonal expectations. Flatbed spot rates fell by the most in a week since early February.

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The total broker-posted rate in the Truckstop system ticked up a fraction of a cent during the week ended April 19 (week 16) as an increase in flatbed rates roughly offset declines in dry van and refrigerated rates. The total market rate was at its highest level since the end of June, but rates for van equipment were at their lowest levels in about a year. Flatbed rates were at their highest level since January of last year. Even so, van rates were slightly higher y/y while flatbed rates were down.

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The total broker-posted rate in the Truckstop system during the week ended April 12 (week 15) basically recovered its small decline during the prior week. Dry van and flatbed spot rates increased while refrigerated rates decreased. Flatbed rates were at their highest level since early July. Refrigerated rates were about a half cent higher than in week 9 but otherwise were the lowest in just under a year. Total load volume barely moved and has been above comparable 2023 levels for five straight weeks.

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