Weekly Report 04 – 01/26/2022
Spot metrics settle into the new year during the latest week
Spot market volume and rates in the system generally eased in line with seasonal expectations during the week ended January 21 (week 3), although both metrics remain far above normal levels. Total volume declined 4.1% while total spot rates eased by more than 6 cents per mile. Flatbed load postings increased slightly, but volume and rates otherwise were lower week over week in all segments. Total volume was about 58% higher than the same 2021 week. Total rates were nearly 26% higher.
Total Market demand index
Dry Van Spot Loads
Dry van load postings decreased 10.2% after ticking up 0.3% the week before. Load postings were about 94% higher than the same 2021 week and more than triple the five-year average for the week.
Refrigerated Spot Loads
Flatbed Spot Loads
Total Spot Rates
Refrigerated led to a decline in rates at nearly 12 cents. Refrigerated rates, which are about 49% higher than the same 2021 week, are down nearly 37 cents in the past three weeks. However, that decline followed a 68-cent surge during the holidays. Dry van rates declined nearly 3 cents and were about 35% higher than the same week last year. Flatbed rates fell more than 4 cents and were about 18% higher year over year.