Spot Market Insights: Van Spot Rates Rise Mostly in Line with Seasonal Expectations

Spot Market Insights is provided weekly by Truckstop with analysis and commentary from FTR

Van Spot Rates Rise Mostly in Line with Seasonal Expectations

Data from Truckstop and FTR Transportation Intelligence for the week ended November 1 showed a spot market mostly moving in line with seasonal expectations. Broker-posted spot rates for dry van equipment returned to their recent upward trend, and refrigerated spot rates rose as they always do during comparable weeks of the year. A decrease in rates for flatbed equipment, however, held back the overall market rate, which eased slightly for the second straight week. Dry van and refrigerated rates were up y/y for the fourth straight week.

Flatbed rates were up y/y for the third straight week, although the positive comparison was tiny. Spot rates during the current week (week ended November 8) typically move much like they did last week as refrigerated rates always rise and flatbed rates always fall. The move in dry van spot rates is not as consistent as the other equipment types for this week of the year.

With truck postings decreasing more sharply than load postings, the Market Demand Index increased to 68.1, which is still lower than it was two weeks earlier.

 

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