Indicators: Spot market rates recede in February from January high marks

Spot Market Paid Rates

Per-mile rates eased in February on the spot market, according to monthly rates data from, dipping from record high averages set in January.

Spot Market Flatbed Rates


Flatbed was the lone standout, climbing 5 cents a mile to $2.49, likely due to warmer temperatures later in the month driving demand for flatbed loads. Compared to February 2017, flatbed rates were up 44 cents a mile on the spot market, according to data.

Spot Market Reefer Rates

Reefer rates, remaining strong, tumbled 32 cents a mile from January’s record $2.80 a mile average. Per-mile reefer rates were up 37 cents from February 2017.

Spot Market Dry Van Rates

Van rates fell 18 cents a mile from January, averaging $2.36 in February and up 53 cents a mile compared to the same month last year.