Analysis
October 30, 2024
Reibus: Flatbed, dry van rates ticked up post-hurricanes
Written by Robert Martin
After closing the third quarter -3.84% on a year-over-year (y/y) basis, our first look at fourth-quarter flatbed spot rates puts us virtually flat y/y, coming in at -0.68%.
In October, rates increased 2.5% from September, which was likely a side effect from Hurricanes Helene and Milton. We will watch to see if the upward pressure on spot rates continues in Q4. Our spot flatbed rate forecast for Q4 has rates staying relatively flat, in line with historical seasonal trends. Looking ahead to the first half of 2025, we expect rates for all modes to begin to trend upward.
