Market Conditions 8/16/15-8/22/2015
This past week's market has continued on the same streak since the start of August. More loads are available in all segments of the industry but more trucks are available as well. Freight rates on average have stayed steady on average nationally, while we see rates climb in certain markets where there is a spike in volume.
Michigan continues its produce push with load to truck densities of over 12:1 in the western parts of the state. Upstate New York is tight with local cabbage, cucumbers and beans. The Buffalo and Rochester markets have the densest load to truck rations in the region. Melons are still in high demand in the greater Delaware area as well as the southern regions of Illinois and Indiana. Washington state has tightened up this week with potatoes and onions in full swing and apples are very soon to follow. California's produce especially in southern regions have seen a jump in volume this week.
Look for the Upper Midwest markets to continue to remain tight. Washington, Oregon, and Idaho have become extremely tight this week with load densities in certain markets of over 30 loads for each available truck.
-DAT Power Load to Truck Reefer Densities 8/22/2015
-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 8/22/2015
This past week we have again observed a general increase of load demands throughout most of the U.S. Spot rates have stayed stabile 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 8/22/2015
-DAT Power Load to Truck Flatbed Densities 8/22/2015
Diesel's downward trend continues for the twelfth consecutive week. While marginal, 0.2 cent drop brings the national average price to $2.615 per gallon. This marks a $1.220 drop from the same week last year.
-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 08/22/15
National Truck Shipments
-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 08/22/15