Records are falling, and the market isn't done yet.
Flatbed spot linehaul rates (rates minus fuel) hit $2.89/mile last week, a new all-time high, beating the June 2021 record by $0.14. That's eleven straight weeks of gains, a 21% surge since Roadcheck Week, and a load-to-truck ratio of 76.71. The ATA tonnage index hasn't declined once in 2026. For carriers running steel, lumber, or machinery lanes, the macro setup still favors holding rates through the summer.
Dry van linehaul rates climbed another $0.05 to $2.32/mile, which is 39% above this time last year and just $0.04 shy of the Week 22 record set in 2021. Meanwhile, the Q1 U.S. Bank Freight Payment Index showed freight spending jump 21.8% year-over-year on essentially flat volumes. Shippers are paying more, not because demand broke out, but because supply finally gave way.
On the reefer side, South Texas just gave carriers a reminder: Shortage conditions can reverse in a week. After spiking 25โ40% under last week's tight market, rates collapsed by as much as 41% as truck supply normalized. Meanwhile, Yakima Valley availability is tightening without a rate move yet, a classic leading indicator worth watching going into next week.
What does this market look like for your network heading into July 4th?