October 2024

Market Trends

National Carrier Spot Rate YoY Market Trends

Regional Carrier Spot Rate Market Trends to 23H2 Baseline

Regional Carrier Spot Rate YoY Market Trends

Regional Carrier Spot Rate Market Trends to 24H1 Baseline

Regional Carrier Spot Rate YoY Market Trends

October 2024

Takeaways

Rate Trends: Declines continue across Van (-6%), Reefer (-3.1%), and Flatbed (-3.3%) rates compared to the 2024 H1 baseline.
Year-over-Year Comparison: Rates are lower than October 2023, when prices were higher, with Van down (-6.1%), Reefer (-4.5%), and Flatbed (-3.1%).
‍Regional Trends: The South and Southeast regions show the largest rate drops for Van and Reefer compared to the 2024 H1 baseline.

Outlook

October trends show continued pricing declines, with Van (-6%), Reefer (-3.1%), and Flatbed (-3.3%) all below 2024 H1 levels. Year-over-year values reflect even stronger declines due to high rates in October 2023. Rates in the South and Southeast remain the weakest for Van and Reefer, as noted last month. The industry anticipates a weak-to-flat Q4, with optimism returning in 2025.