Spot volumes drop for first time in 7 weeks

May 10 - 16 - With the exception of the flatbed sector, the truckload spot market showed signs of cooling down last week. The van load-to-truck ratio fell, while the reefer ratio tumbled following the surge in volume associated with Mothers’ Day the week prior. Flatbed continues to break records, though, with spot market rates now around $0.11/mile higher than contract rates – the last time we saw this level of capacity tightness was back in June of 2018.