Posted rates on the spot market in May shot upwards in all three segments, according to data from Truckstop.com, and paid rates — averages derived from verified rates paid to carriers on spot market loads — continued to either trend a dime or two higher than posted rates or pull posted rates higher.
Following a few months of stable paid rates — but lagging posted rates — in refrigerated segment, posted rates on the spot market shot up 22 cents in the month, catching up with the more highly trending paid rates.
Paid rates for reefer haulers in the month averaged $2.40, 5 cents higher than April’s paid rates now 2 cents higher than the $2.38 posted rate average for May. Despite paid rates being between $2.33 and $2.44 the entire year, posted rates held between $2.10 and $2.16 February-April.
Flatbed haulers, likewise, continue to experience seemingly good leverage on the spot market, with paid rates averaging 17 cents higher than average posted rates.
Paid rates in the flatbed segment averaged $2.29 in May, a 3-cent climb from the month prior. The average posted flatbed rate rose 4 cents.
Dry van saw a 1-cent drop in paid rates in May, pushing per-mile rates down to an average of $2.19 in the segment. Posted rates, however, jumped 13 cents, signaling a small market swing in carriers’ favor.
Here’s a look at paid vs. posted rates for all three segments in the month: