April 22

Total spot rate barely moves in the latest week

Total loads_042224

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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April 15

Spot rates tick up in the latest week

Total loads_041524

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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April 8

Spot rates decline in the latest week

Total loads_040824

After four straight weeks of gains, the total broker-posted spot market rate in the Truckstop system declined about a penny during the week ended April 5 (week 14). The decrease in spot rates for dry van equipment was the largest in six weeks while the refrigerated spot rate drop was the largest in eight weeks. Flatbed spot rates declined as well but only by just over half a cent. Although load postings were down from the prior week, they recorded their strongest y/y comparison in more than two years.

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April 1

Total spot rates rise for the fourth straight week

Total loads_040124

The total broker-posted spot market rate in the Truckstop system rose by the most since mid-February during the week ended March 29 (week 13). Total rates have increased for four straight weeks – a streak that most recently occurred exactly two years ago – although the total gain during the stretch has been less than 6 cents. The increases for dry van and refrigerated spot rates were the largest since the weather-impacted third week of this year. Flatbed spot rates were the strongest since early July 2023.

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