FTR cautioned that year-over-year comparisons around Thanksgiving are not as reliable this year, since 2024’s Thanksgiving landed on week 48 and this year’s holiday lands on week 47.
Here is how rates and volumes changed across the three major spot market equipment types:
Dry van rates and volumes
Dry van rates rose to their highest level since July. Rates increased 3.6 cents but were still roughly 12% lower than the five-year average for the week.
FTR's count of dry van loads increased 13% but remained 26% below the week's five-year average.
Refrigerated rates and volumes
Refrigerated spot rates were at their strongest since the beginning of September. Refrigerated rates rose 6 cents but were almost 8% lower than the five-year average.
Refrigerated loads increased 6.5% but remained more than 43% below the five-year average.
Flatbed rates and volumes
Flatbed spot rates increased for the first time in four weeks, rising 1.3 cents after declining more than 4 cents the previous week. Flatbed spot rates were still close to 7% below the five-year average for the week.
Flatbed loads, meanwhile, rose 14.5% and are nearly 2% above the five-year average.
