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For the week of July 18-24, TransCore reported that load availability softened by 10 percent and truck postings increased by 3.8 percent compared to the previous week. Flatbed capacity, which earlier this year had been at a historic imbalance, continues to improve with a 9-percent increase week over week, while spot market rates for flatbeds dipped by $0.02 to $1.61 (line haul only) in this week's 30-day rolling average, nationwide.
Reefers are still constrained at almost 6 loads per available truck, but demand has ebbed since June. Supporting that trend, reefer rates have cooled by $0.03 this week, to $1.53. The national average rate in June was $1.59.
Dry van rates, which had trended sharply upward from January through June on the spot market, dropped by $0.01 in the most recent 30-day rolling average, to $1.31 per mile. Van rates increased more moderately for contract freight through June, when the average rate hit $1.42 for line haul.
For more spot freight market trends, go to www.TranscoreTrendlines.com.
Source: TransCore Trendlines
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