Market Conditions 9/13/15-9/19/2015

This week's market has shown an increase in load to truck demand in all segments even though initial interpretations might differ. Load availability has decreased significantly across the board from the previous week with a 16.7% decrease in load searches as well. Truck availability decreased by 12% compared to last week with a 13.8% decrease in truck searches. When taking all averages, reefer, van and flatbed rates have remained stable compared to last week's rates. Taking an average of rate points from various tools and reports, we have found the national average rates to be the following: Reefer: $2.08/mi, Van: $1.78/mi, Flatbed: $1.98/mi.

 

Refrigerated Freight 

 

The Northeast, Upper Midwest and Northwest regions of the U.S. are all shipping a high volume of produce. Upstate New York has started shipping apples and is tight with local cabbage, cucumbers and beans. The Buffalo and Rochester markets have the densest load to truck rations in the region. Eastern North Carolina is shipping sweet potatoes. Wisconsin and Minnesota have tight markets, shipping potatoes. Washington state has remained tight this week with potatoes and onions in full swing and apples started shipping out. 

 

Fall ornamentals are moving out of the Midwest and Southeast. California has seen an uptick in volume but rates to the east coast are still hovering at or below the $2/mi mark. Melons, stone fruit, grapes and mixed vegetables are all shipping out of California. The Upper Midwest markets are expected to remain tight. Washington, Oregon, and Idaho have become extremely tight with load densities in certain markets of over 30 loads for each available truck. 

-DAT Power Load to Truck Reefer Densities 09/19/15​

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 09/19/15

 

Dry Freight

 

Regions of higher freight densities include the Carolinas, western Kentucky, the Upper Midwest, Minnesota, Wisconsin and the Northeast. The image below indicates the Pacific Northwest is currently very tight. Please be informed that this is mainly due to the demand for vented vans in order to move onions and potatoes.​

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-DAT Power Load to Truck Van Densities 09/19/15

 

Flatbed Densities​​​​

-DAT Power Load to Truck Flatbed Densities 09/19/15

 

Diesel Pricing

 

Diesel dropped 1.7 cents bringing the national average price to $2.517 per gallon. This marks a $1.284 drop from the same week last year. South Carolina, Oregon, Mississippi, Tennessee, Oklahoma, New Jersey, Missouri, Louisiana, Alabama, and Indiana had the lowest fuel prices at an average of $2.33 per gallon.

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-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 09/19/15

 

National Truck Shipments

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 09/19/15

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