North American freight spot rates rise amid supply chain uncertainty

North American freight markets are experiencing a period of stabilization and shifting dynamics. Recent data indicates that truckload spot rates have risen across all equipment types for the first time since May. According to reports from FTR Transportation Intelligence and DAT Freight & Analytics, dry van, refrigerated, and flatbed rates have seen increases, with some year-over-year gains exceeding 40%.

Despite these rising rates, overall demand remains relatively soft, and load volumes for certain sectors, such as dry van and flatbed, have seen slight decreases. The market is currently characterized by a tightening carrier base, as fewer trucks and drivers are active on the road, creating a complex environment where soft demand meets limited transportation capacity.

Additionally, evolving trade policies and potential tariffs continue to introduce uncertainty for shippers in the United States and Canada. While tariffs may eventually influence domestic investment and production locations, the highly integrated nature of North American supply chains suggests that the movement of goods through existing transportation networks will continue in the short to medium term.