Pricing continues to decline with downward trends across all modes compared to 2H1 baselines: Van (-5.6%), Reefer (-2.4%), and Flatbed (-3.8%) Year-over-year comparisons indicate stronger negative values because stronger prices in September 2023, with Van (-6.9%), Reefer (-4.0%), and Flatbed (-5.1%).
South and Southeast are showing the greatest weakness in Van and Reefer rates at -7% to -10.5% relative to 2024 H1 baselines.
The downward trend in these regions is somewhat unexpected, however, given the political and economic uncertainties ahead, they are not too surprising. These results support the common industry outlook of a weak to flat Q4 ahead with optimism returning in 2025.
FMCSA inspection week, also known as DOT Blitz or “blitz week,” is an annual 72-hour period during which the CVSA partners with local highway patrol and CMV inspectors to test truck drivers and equipment for compliance with DOT safety standards.
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