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Refrigerated Deep-Dive

Broker-posted refrigerated spot rates had risen in four straight weeks for the first time in three years, but a large drop during Thanksgiving week erased those gains. Refrigerated spot rates usually fall during the week that includes Thanksgiving – especially in recent years – but the 22-cent drop during the week ended November 29 (week 48) was the largest in a week since January 2023. Dry van and flatbed spot rates rose in line with expectations for a week that includes Thanksgiving.

US 48 States - Reefer rates
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