Broker-posted spot rates in the Truckstop system either declined or barely rose during the week ended November 15 (week 46), depending on equipment type. Dry van and flatbed rates decreased, though by less than they had in the previous week. Refrigerated rates increased slightly. Although all three lagged usual week 46 moves, the comparability of spot metrics to prior years is getting fuzzier as Thanksgiving approaches. Thanksgiving usually falls in week 47, but this year it will fall in week 48.

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Spot rates for dry van and refrigerated equipment moved by nearly the same degree in the latest week but in opposite directions. Broker-posted spot rates for dry van equipment in the Truckstop system fell by the most in a comparable week since at least 2008 during the week ended November 8 (week 45) while refrigerated spot rates saw their largest gain in a comparable week in five years. Flatbed spot rates fell by the most in 11 weeks but continued to move according to seasonal expectations.

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Broker-posted spot rates for dry van equipment in the Truckstop system returned to their upward trend during the week ended November 1 (week 44) while refrigerated spot rates also rose, continuing their recent volatility. Refrigerated rates invariably rise during week 44, but dry van rates have been less consistent, especially in recent years. Flatbed rates fell as they almost always do during that week of the year. Rates were higher y/y for all three equipment types, but only barely so for flatbed.

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The market disruption caused by two hurricanes in three weeks apparently has played out as broker-posted spot rates in the Truckstop system barely moved overall during the week ended October 25 (week 43). Spot rates for flatbed equipment saw a modest gain – the fourth in five weeks – but spot dry van and refrigerated rates fell. Despite the week-over-week softness, total spot rates posted their strongest y/y comparison since June 2022 as rates for all three equipment types were higher y/y.

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