Spot rates are finally trending upward, sending a mixed bag of news last week.
According to FTR Transportation Intelligence, broker-posted spot rates in the Truckstop system for dry van and refrigerated van equipment both rose for the first time in four weeks in keeping with seasonal expectations during the week ended Aug. 2 (week 31), but rates weakened relative to the same 2023 week. Dry van spot rates remained positive year-over-year, but only by a tiny margin. Refrigerated spot rates were negative year-over-year for the first time since late June. Flatbed spot rates fell for the seventh straight week and deteriorated slightly in the last year.
