Rolling 4-Week Archives
Van spot rates retreat a bit in the latest week
For the first time since fuel prices began to surge due to the Iran conflict, broker-posted spot rates in the Truckstop.com system for both dry van and refrigerated equipment declined week over week during the week ended April 10 (week 14). Dry van spot rates had eased about a half-cent during week 11 but refrigerated spot rates had surged nearly 44 cents in four straight weeks of rate increases. Flatbed spot rates, meanwhile, rose for a 15th straight week to their highest level since July 2022.
Spot rate surge continues as fuel prices rise
Overall broker-posted spot rates in the Truckstop.com system rose slightly more during the week ended April 3 (week 13) than they did in the previous week due mostly to refrigerated and flatbed equipment. The total market rate is the highest since late June 2022, both all in and excluding the portion of the rate needed to offset fuel costs. However, dry van and refrigerated spot rates adjusted for fuel costs still lag levels in late December and in the wake of the late January winter storm.
Spot rates rise very sharply again in the latest week
The ongoing surge in diesel prices continued to bolster broker-posted spot rates in the Truckstop.com system during the week ended March 27 (week 12). Both the total market rate and flatbed spot rates posted their largest increases ever in a non-holiday week. Dry van and flatbed spot rates were the highest since the summer of 2022 even excluding the portion needed to recover fuel costs. Refrigerated spot rates were the highest since late 2022 aside from recent holiday and weather distortions.
Refrigerated and flatbed spot rates rise strongly again
Although rising fuel prices clearly were a factor, broker-posted spot rates for refrigerated and flatbed equipment in the Truckstop.com system rose notably during the week ended March 20 (week 11) even excluding the portion of the rate needed to recover higher fuel costs. Total dry van rates eased a bit, but they rose sharply in most regions. The approaching Easter holiday might have figured into refrigerated’s gain, but the increase was far larger this year than it was two weeks before Easter last year.
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Truckstop's Brent Hutto dishes on spot market activity and other hot topics.