Flatbed spot market leads rate surge
FTR reports flatbed spot rates are the highest since Oct 2022, with loads up 39% YoY and tight load-to-truck ratios.
Flatbed spot rates are surging due to increased demand and tight capacity, presenting opportunities for drivers. The current spot rates are the highest they've been since October 2022. The surge in flatbed demand is driven by increased construction activity and energy sector growth. These sectors rely heavily on flatbed transportation for moving materials and equipment. Load-to-truck ratios are tight, indicating that there are more loads available than trucks to carry them. This imbalance empowers drivers to negotiate higher rates.
