Freight Rates in April 2024 Show Mixed Trends

Year-over-year freight rates reveal surprising regional trends as the trucking market continues to anticipate a shift. Freight Rates in April 2024 Show Mixed Trends

April brought surprises in the trucking market, especially with regional spot market rates. Here's what found:

Key Takeaways:

  • Rates Overview: Year-over-year, all three modes (van, reefer, flatbed) are still down.
  • Flatbed Uptick: Flatbeds are showing early signs of their usual seasonal uptick.
  • Regional Trends: The South West has seen an impressive +6.7% year-over-year increase in van and reefer rates, while the North West shows a modest -0.5% decline.


  • Price Trends: Van and reefer rates continue to trend downward as April ends, hinting at mid-single-digit drops from 2023H2 levels. Flatbed rates, however, show signs of seasonal recovery.
  • Regional Insights: With mixed regional trends, the second quarter will be crucial for predicting how the market might rebound in the second half of the year.


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