Reefer spot rates jump 16 cents as truckload market shows mixed trends

Reefer spot rates posted an unusual jump, while dry van and flatbed rates moved in different directions.

Key takeaways

  • Reefer spot rates posted a sharp weekly increase, standing out among the three major equipment types.
  • Dry van rates edged higher, while flatbed rates fell despite stronger load volumes.
  • FTR and DAT data show equipment-specific rate trends remain mixed across the spot market.

Total spot rates remained relatively unchanged last week, ticking up a fraction of a cent for the first increase in weeks, according to weekly reports from FTR Transportation Intelligence and DAT Freight & Analytics. 

Dry van rates saw a small increase, while flatbed rates moved in the opposite direction. Refrigerated rates, however, saw a sizable increase, which is not typical for this week compared to previous years. But this could be explained by the later Labor Day this year.

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 2 cents last week. Year over year, rates are up about 32%. Dry van loads rose again last week by 14.5%. 

According to DAT: National linehaul spot rates dropped 2 cents last week, averaging $2.19 per mile.

Refrigerated rates and volumes

According to FTR: Spot rates jumped almost 16 cents last week. Rates were 32% higher than last year. Refrigerated loads rose almost 12%.

According to DAT: National linehaul spot rates rose 6 cents last week, averaging $2.69 per mile. 

Flatbed rates and volumes

According to FTR: Spot rates dropped just over 1 cent last week, hitting their lowest level since April. Year over year, rates were up approximately 40%. Flatbed loads rose almost 10%. 

According to DAT: National linehaul spot rates dropped 3 cents last week, averaging $2.67 per mile.

About the Author

Jenna Hume

Jenna Hume

Digital Editor

Digital Content Specialist Jenna Hume joined FleetOwner in November 2023 and previously worked as a writer in the gaming industry. She has a Bachelor of Fine Arts degree in creative writing from Truman State University and a master of Fine Arts degree in writing from Lindenwood University. She is currently based in Missouri. 

Sign up for our eNewsletters
Get the latest news and updates

Voice Your Opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!