Market Conditions 9/27/2015-10/3/2015

This week's market has maintained the increase in load to truck demand in most markets. Load Availability increased 1% and Truck Availability increased 3.1%. When taking all averages, reefer rates dropped 1%, van rates remained unchanged and flatbed rates have decreased 1% 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: $2.03/mi, Van: $1.74/mi, Flatbed: $2.00/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 still in peak season, shipping apples, local cabbage, cucumbers and beans. The Buffalo and Rochester markets have the densest load to truck rations in the region. The Eastern Carolinas are shipping sweet potatoes and volume continues to increase. Wisconsin and Minnesota have tight markets, shipping potatoes. Washington state has remained tight this week shipping apples, potatoes, and onions. 

 

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. The Mexican border crossings have an increase in the volume of produce (avocados, cantaloupes, honeydews, and cucumbers) coming into the U.S. Expect to see the Midwest to slow down and GA/FL to start moving in the next week to two weeks.

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-DAT Power Load to Truck Reefer Densities 10/3/15​

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-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 10/3/15​​

 

Dry Freight

 

Load availability increased 2.7% and truck availability decreased 2.0%. 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 10/3/15​​

 

Flatbed Densities​​​​

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Load availability for flatbeds increased 1.6 % in the latest week. Compared to last year, availability is down 36.2%. Over the last 4 weeks Availability has averaged an increase of 2.97%. Truck availability for flatbeds also decreased 3.0% in the latest week. Over the last 4 weeks availability has averaged an increase of 0.6%.

-DAT Power Load to Truck Flatbed Densities 10/3/15​​

 

Diesel Pricing

 

Diesel dropped 1.7 cents bringing the national average price to $2.476 per gallon. This marks a $1.279 drop from the same week last year. ​

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 10/3/15​​

 

National Truck Shipments​

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-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 10/3/15​

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