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Spot rates in the Truckstop system fell again during the week ended January 27 (week 4), but so far, the declines have tracked with seasonal expectations after the typical late December surge in the van segments. Broker-posted rates in dry van and refrigerated are lower than they were before the final two weeks of 2022, but they are still tracking with the five-year average. The strength of spot rates will become clearer over the next several weeks as they typically begin to firm in February.
Broker-posted spot rates in the Truckstop system for dry van and refrigerated were hardly robust, but they were up during the week ended November 4 (week 44) while flatbed rates fell. Van segment rate gains lagged the typical pre-Thanksgiving strength that begins in early November, and dry van weakness was especially pronounced. Van segment volume remains close to five-year average levels. Flatbed volume is fairly stable at below-average levels. The West Coast continued to lead total volume gains.
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