Flatbed Rates
Flatbed Rates in October 2023
Flatbed spot rates fell 1¢ m/m, net fuel, to $1.84 per mile in October, down 11% y/y, but up 1¢ m/m in seasonally adjusted terms.
Flatbed contract rates, net fuel, rose 6¢ m/m to $2.52 per mile in October (up 10¢ m/m seasonally adjusted), though September was revised down 7¢ since last month.
To see how flatbed rates change in the future, and for detailed analysis and forecasts for truckload, less-than-truckload, and intermodal, see ACT's freight & transportation forecast.
Flatbed seasonality is soft a few more months—October through February—tied to construction season. With interest rates high and still rising, the housing outlook remains broadly cautious, but industrial demand has unique tailwinds.
Tim Denoyer
Vice President & Senior Analyst
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