Market Trends

Pricing continues to decline with downward trends across all modes compared to 2H1 baselines:  Van (-5.6%), Reefer (-2.4%), and Flatbed (-3.8%)  Year-over-year comparisons indicate stronger negative values because stronger prices in September 2023, with Van (-6.9%), Reefer (-4.0%), and Flatbed (-5.1%).

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South and Southeast are showing the greatest weakness in Van and Reefer rates at -7% to -10.5% relative to 2024 H1 baselines.

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The downward trend in these regions is somewhat unexpected, however, given the political and economic uncertainties ahead, they are not too surprising. These results support the common industry outlook of a weak to flat Q4 ahead with optimism returning in 2025.

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