Flatbed trucking conditions have never looked stronger, with spot rates surging to record highs amid a mix of tightening capacity and rising industrial freight demand.

"Flatbed trucking rates have hit a new all-time high as industrial demand and a crackdown on bad actors continue to shape trucking economics," said FreightWaves founder Craig Fuller.

Fuller added, "It is a great time to be a compliant trucker in America."

There are two drivers behind why U.S. flatbed spot trucking rates (via SONAR Flatbed Truckload Index) have surged to $4.21 per mile, well above the index’s $2.87 average and to record highs:

• Data center and AI infrastructure boom, which is driving higher volumes of steel, transformers, generators, construction materials, and other open-deck freight;

• And the crackdown on foreign truck drivers, which is shrinking the available labor pool and tightening capacity further, is creating a more favorable pricing backdrop for American owner-operators.

Last week, the U.S. Supreme Court ruled that freight brokers now face state-law negligent hiring claims when they hire unsafe trucking firms that later cause crashes. This came after a series of deadly crashes nationwide, with some of these drivers being illegal aliens who were unable to read English.

There are reports that freight brokers are no longer hiring foreign truck drivers.

The combination of surging industrial demand and the reduction in foreign drivers is finally driving higher rates after mom-and-pop American truckers endured years of overcapacity that pushed rates to nearly unaffordable levels.