Trucking

Insurance Reclassification Suspends Thousands of Carriers as Flatbed Rates Remain Resilient

Approximately 6,000 motor carriers faced involuntary suspensions this week following unexpected Motus reclassifications that raised bodily injury and property damage insurance requirements from $750,000 or below. Small flatbed operators report difficulty maintaining operations under the new insurance thresholds. Flatbed spot linehaul rates averaged $2.65 per mile last week, up 0.4% and holding near nine-year highs despite declining load postings. Dry van rates ranged between $2.24 and $2.26 per mile, as load activity cooled. Capacity constraints continue supporting rate floors across both segments, limiting downward pressure despite softer freight demand.