Market Conditions 8/9/15-8/15/15
August's rebound with added shipping demand has continued to increase. To summarize the image below from DAT.com, Spot Market loads have increased another 2.9%. Our team has taken note of the increased load densities throughout major hubs in the United States last week and again this week. While DAT's Trendlines have shown a continuous drop in rates, we feel they have recently increased slightly but now have stabilized again. This may be due to the continued decreasing fuel prices.
- DAT Trendlines™ http://www.dat.com/resources/trendlines 08/15/15
Michigan continues its produce push with load to truck densities of over 13:1 in the western parts of the state. Upstate New York is tight with local cabbage, cucumbers and beans. Melons are still in high demand in the greater Delaware area as well as the southern regions of Illinois and Indiana. Just towards the end of this week, Washington state has tightened up. Expect California's produce to remain light. Steer clear of the Mexican border crossings and the Pacific Northwest as produce is very light.
Look for the Upper Midwest markets to continue to remain tight. Onions and potatoes are beginning to transition to WA and CO. We anticipate Washington State to tighten up this coming week. Washington apples will be starting in the next few weeks as well.
-DAT Power Load to Truck Reefer Densities 8/15/2015
-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 8/15/2015
Demands have recently climbed in most hubs. This past week we have again observed a general increase of load demands throughout most of the U.S. Spot rates have stabilized this week. Regions of higher freight densities include Virginia, the Carolinas, western Kentucky, the Upper Midwest, the Green Bay Market and the Northeast. Keep in mind while freight densities in the Northeast are higher, rates are not as desirable for outbound freight.
-DAT Power Load to Truck Van Densities 8/15/2015
-DAT Power Load to Truck Flatbed Densities 8/15/2015
Diesel's downward trend continues for the eleventh consecutive week. Another 5.1 cent drop brings the national average price to $2.617 per gallon. This marks a $1.226 drop for the same week last year.
-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 08/15/15
-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 08/15/15