Spot market rates stumbled again in October amid ongoing 2019 sag

Updated Nov 10, 2019
(Rates data from Truckstop.com)(Rates data from Truckstop.com)

Spot market rates in October hit a snag, with rates in all three major truckload segments falling month-to-month, according to monthly per-mile average rates data from Truckstop.com.

October in recent years has been unpredictable for spot rates, with per-mile rates climbing some years from September and declining in others.

Spot market flatbed rates slipped 4 cents a mile this October, to $2.29 a mile. Compared to October 2018, flatbed’s per-mile average was down 27 cents. The segment was also down 15 cents from the same month in 2017.

Reefer rates were down 9 cents a mile in October, to $2.35. Though reefer rates were flat compared to October 2017, they were down 24 cents a mile from October of last year.

Lastly, dry van rates slipped 7 cents from September, to $2.10 a mile. That’s down 28 cents from last October and 16 cents from October 2017.