Spot truckload rates surge during International Roadcheck across dry van, reefer, flatbed

Last week, all spot rates rose sharply during International Roadcheck, according to weekly reports from FTR Transportation Intelligence and DAT Freight & Analytics.

According to FTR, “the jump in dry van spot rates fell just short of a record weekly increase while flatbed spot rates rose for a 20th straight week to a record level. Dry van and refrigerated rates remain well below their all-time highs at the end of 2021.”

Here is how rates and volumes changed across the three major spot market equipment types:

Dry van rates and volumes

According to FTR: Spot rates rose almost 24 cents last week, the second-largest single-week increase ever. Year over year, rates are up almost 47%. Dry van loads rose 36.3%, the largest increase since the winter weather in late January. 

According to DAT: National linehaul spot rates rose 21 cents last week, averaging $2.22 per mile. This rate is 32% higher than last year.

Refrigerated rates and volumes

According to FTR: Spot rates rose 52 cents last week, the largest weekly increase ever. Rates were about 45% higher than last year. Refrigerated loads rose 43%.

According to DAT: Spot rates rose 32 cents last week, averaging $2.68 per mile. This rate is about 32% higher than last year.

Flatbed rates and volumes

According to FTR: Spot rates rose 7 cents last week, the second largest increase during International Roadcheck. Year over year, rates were up nearly 42%. Flatbed loads fell 14.6%.

According to DAT: National linehaul spot rates rose $0.10 per mile last week, averaging $2.79 per mile. This rate is 28% higher than last year.