Reibus: Could seasonal shipping peaks drive up spot market rates?

Flatbed rates remain roughly 20% higher than dry van but have stayed relatively calm for the first half of 2024. They have risen just 5% in the first half of the year and have remained negative on a year-over-year (y/y) basis.

With two weeks remaining in the quarter, it looks like Q2 flatbed spot rates will close -4% y/y, about 5% below our forecast. The flatbed market is seeing a seasonal uptick in certain markets as expected but, overall, supply and demand remain relatively balanced.

Robert Martin

Robert Martin is a seasoned supply chain professional with a proven track record of building successful teams within great companies in the logistics space. With a diverse background spanning various leadership roles at early-stage startups and large enterprises, he has an extensive background in customer sales, operations, and strategic planning. Robert specializes in rate forecasting and the economics of the transportation market.