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November 2020: Flatbed Rates Fall, Others Rise

Growth cannot last forever. After a long run of consistently rising freight rates, it appears flatbed rates are the first of the three to have a month lower than the previous month.

Not to worry, however, as the flatbed rates only dropped one cent, so while flatbeds stumble, they are not tumbling down an impossible to escape downward spiral.

The Data

Coronavirus hysteria appears to be finally dying down, but the holiday rush has officially started. The two events intersecting caused the Outbound Volume Tender Index (OVTI) to reach its all-time high earlier, but the drop in a cent for flatbed shows the slightest hint of demand dying down. It will be interesting to see what the final month of 2020 has in store for dry van, flatbed, and reefer trucking.

Dry Van November 2020
Flatbed November 2020
Reefer November 2020

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