Truckload Spot Rates Rise for Seventh Month Amid Tightening Capacity

Event summary

  • Truckload spot rates increased for the seventh consecutive month in February 2026, with van rates at $2.41/mile, reefer at $2.88/mile, and flatbed at $2.72/mile.
  • Freight volumes declined month-over-month but rose on a daily average basis, indicating stable demand despite seasonal factors.
  • Diesel prices spiked 6% in February, adding cost pressures and narrowing the spread between spot and contract rates.
  • Contract rates also rose, with van rates at $2.52/mile, reefer at $2.89/mile, and flatbed at $3.13/mile.

The big picture

The truckload spot rate increases reflect a tightening capacity environment, driven by winter storms and steady demand recovery since August 2025. The narrowing spread between spot and contract rates suggests a market moving toward balance, though fuel cost volatility introduces uncertainty. DAT's analytics highlight the structural shifts in freight pricing, with implications for carrier sustainability and shipper cost management.

What we're watching

Capacity Dynamics
How sustained spot rate gains will affect carrier profitability and market exits.
Fuel Cost Impact
Whether rising diesel prices will force further spot rate adjustments or contract renegotiations.
Market Balance
The pace at which freight demand and truck capacity align, narrowing the gap between spot and contract rates.