Market Trends

National Carrier Spot Rate YoY Market Trends

Regional Carrier Spot Rate Market Trends to 24H1 Baseline

Regional Carrier Spot Rate YoY Market Trends

June 2024

Takeaways

  • Minor inflation in the south
  • Continued softening in the north
  • Northern markets remain down around -5.5% to -6.1% for Van off 2023H2 rate levels.

Outlook

As the second quarter of 2024 comes to a close, there are no significant changes to report for June. Rates remained consistent with the sluggishness observed in previous months. There was minor inflation in the South and continued softening in the North.

Looking ahead to July, there is a potential for disruption as activity in the topics is ramping up ahead of typical historical behavior. The early start to hurricane season may likely produce logistical hurdles.

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