Flatbed markets saw tighter capacity and a bump in spot rates

Flatbed capacity was tight in the state of Florida last week as spot rates jumped $0.74/mile to an average of $2.94/mile. In the top steel producing market in Gary, IN, spot rates held steady at $3.33/mile where they’ve been for the last two weeks. However, spot rates on the Gary to Atlanta lane were averaging $2.70/mile last week — up $0.50/mile compared to this time last year. 

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Note: All rates exclude fuel unless otherwise noted.

In Houston capacity was tight, pushing up spot rates by $0.15/mile to an average of $2.87/mile. In fact, the state of Texas found flatbed carriers in short supply over the break, pushing up outbound spot rates by $0.28/mile to a state average of $2.91/mile . 

Spot rates

After declining steadily for the last eight weeks, flatbed spot rates increased $0.04/mile to a national average of $2.57/mile because of the short work week and more carriers taking time off this year. Compared to the same week last year, flatbed spot rates are still 13% or $0.33/mile higher and $0.35/mile higher than 2018.

How to interpret the rate forecast:

  • Ratecast: DAT’s core forecasting model
  • Short Term Scenario: Formerly the pessimistic model that focuses on a more near-term historical dataset
  • Blended Scenario: More heavily weighted towards the longer-term models
  • Blended Scenario v2: More heavily weighted towards the shorter-term models

> Learn more about rate forecasts from DAT iQ