Market Conditions 9/20/15-9/26/2015

This week's market has once again shown an increase in load to truck demand in most markets. Load Availability increased 13.3% and Truck Availability increased 20.4%. When taking all averages, reefer rates dropped 1.7%, van rates dropped 1% and flatbed rates have increased 1.5% compared to last week's rates. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $2.05/mi, Van: $1.74/mi, Flatbed: $2.02/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 is 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, apples are also moving. 

 

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.  Looks for melons and avocados to being shipping over the border in TX and AZ this upcoming week.

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-DAT Power Load to Truck Reefer Densities 09/26/15​

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-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 09/26/15​

 

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 note 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 09/26/15​

 

Flatbed Densities​​​​

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Load Availability for flatbeds increased 20.2 % in the latest week. Compared to last year, availability is down 38.9%. Over the last 4 weeks Availability has averaged an increase of 1.41%. Truck availability for flatbeds also increased 21.9% in the latest week. Over the last 4 weeks availability has averaged an increase of 1.9%.

 

-DAT Power Load to Truck Flatbed Densities 09/26/15​

 

Diesel Pricing

 

Diesel dropped 2.4 cents bringing the national average price to $2.493 per gallon. This marks a $1.285 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.

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 09/26/15​

 

National Truck Shipments

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-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 09/26/15​

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