Rolling 4-Week Archives
Spot rates plunge in the latest week
Broker-posted spot rates in the Truckstop.com system fell sharply during the week ended July 10 (week 27) as van rates settled from big gains during the prior week and flatbed recorded its second largest weekly drop ever. Decreases in spot rates for dry van and refrigerated van equipment were large but in line with their typical patterns for week 27. Despite the drop, van spot rates were stronger year over year than they had been during the previous week, and flatbed spot rates were barely weaker.
Dry van spot rates rise to a record level
As expected, broker-posted spot rates in the Truckstop.com for dry van and refrigerated van equipment jumped sharply during the week ended July 3 (week 26), resulting in an all-time high for dry van spot rates and pushing refrigerated spot rates to their fourth highest level ever. The week leading into the July 4th holiday is one of the most reliably strong weeks of the year for van rate gains. Flatbed spot rates eased for a third straight week but were only a little more than 3 cents below the record.
Van spot rates rise as expected in the latest week
Even though the spot market is extraordinarily strong, broker-posted spot rates in the Truckstop.com system continued to move in a seasonal pattern during the week ended June 26 (week 25). As expected, dry van and refrigerated van spot rates rose week over week while flatbed spot rates declined slightly. Stronger dry van and refrigerated spot rates are virtually certain this week as the week heading into the July 4th holiday is one the most reliably strong weeks of the year for van spot rates.
Spot rates decline for all equipment types
The streak of consecutive week-over-week spot rate increases for flatbed equipment has ended at 24. For the first time since October, broker-posted spot rates in the Truckstop.com system declined for all three principal equipment types during the week ended June 19 (week 24). Although spot rates in all equipment types are far stronger than they were a year earlier, they moved in a mostly seasonal manner last week. Van spot rates likely will rise this week and next heading into the July 4th holiday.
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Truckstop's Brent Hutto dishes on spot market activity and other hot topics.