Similar Truckload Trends Continue.. | 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, 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.

October 2024 - National Carrier Market Spot Rate | Comparison to 24H1

October 2024 - National Carrier Spot Rate YoY Market Trends

Trends provided by Matthew Harding, Greenscreens.ai Chief Technology Officer.