Spot Market Insights: Total Spot Rates Rise for the Fourth Straight Week

Data from Truckstop and FTR Transportation Intelligence for the week ended March 29

Total Spot Rates Rise for the Fourth Straight Week

Data from Truckstop and FTR Transportation Intelligence for the week ended March 29 showed some modest firming of rates as the total market broker-posted rate rose by the most since mid-February. 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 at their highest level since early July 2023. 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.

With the decrease in load postings outpacing the decline in truck postings, the Market Demand Index eased to 71.7, which is slightly higher than it was two weeks earlier. In an unusual development by recent standards, the MDIs for dry van and refrigerated moved slightly higher while the flatbed MDI declined.

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