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Spot Rates Surge Amid Seasonal Demand; FedEx Downgraded

10/9/2025

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Summary

Story summary

Broker-posted spot rates rose nearly 3 cents, largest gain since late June, driven by van loads.
Dry van spot rates surged under 7 cents; year-over-year rates up 2.4% to 6.5%.
Reefer rates climbed 4.4 cents amid strong seasonal demand; flatbed rose 1.7 cents.
JPMorgan downgraded FedEx to Hold from Buy; target cut to $274 as shares fall 1.9%.

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Story summary

Broker-posted spot rates rose nearly 3 cents, largest gain since late June, driven by van loads.
Dry van spot rates surged under 7 cents; year-over-year rates up 2.4% to 6.5%.
Reefer rates climbed 4.4 cents amid strong seasonal demand; flatbed rose 1.7 cents.
JPMorgan downgraded FedEx to Hold from Buy; target cut to $274 as shares fall 1.9%.