Flatbed Rates
Flatbed Rates in May 2024
Flatbed spot rates rose 5¢ m/m, net fuel, to $2.02 per mile in May, 5¢ above the seasonal pattern m/m and 15¢ above the August 2023 cycle low.
Flatbed contract rates, net fuel, were up 4¢ at $2.58 per mile in May, up 4¢ m/m seasonally adjusted, though they, too, are 16¢ per mile above the cycle low in September 2023.
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.
The US industrial sector remains resilient despite interest rate headwinds. Housing activity is challenged and the low order levels in purchasing managers indexes show interest rates having a chilling effect, but significant project activity and nearshoring should continue to provide a significant degree of resilience.
Tim Denoyer
Vice President & Senior Analyst
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