Market Conditions 10/5/2015-10/17/2015

This week's market presented us with a decrease in spot market loads, down 13% overall. When taking all averages, reefer rates decreased 3%, van rates decreased 2.5% and flatbed rates 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: $1.97/mi, Van: $1.72/mi, Flatbed: $1.99/mi.

 

Refrigerated Freight 

 

The Northeast, Upper Midwest and Northwest regions of the U.S. are still 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 prolonged northern season has delayed freight shipments and volumes from the southern and southeastern regions of the U.S. The Eastern Carolinas are shipping sweet potatoes at a conservative volume. 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 and northeast regions are expected to have volumes fall off as this year's first killing frost comes through this weekend. The Mexican border crossings have continued to see a slow increase in the volume of produce (avocados, cantaloupes, honeydews, and cucumbers). Expect to see the Midwest to slow down and NC/SC/GA to start moving in the next week.

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-DAT Power Load to Truck Reefer Densities 10/17/15​​

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-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/10/17/15​​

 

Dry Freight

 

Load availability decreased 15% and truck availability increased 5.2%. Regions of higher freight densities include the Illinois, western Kentucky, the Upper Midwest, Minnesota, Wisconsin and Upstate New York. 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 10/17/15​​

 

Flatbed Densities​​​​

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-DAT Power Load to Truck Flatbed Densities 10/17/15​​

 

Diesel Pricing

 

Diesel rose 6.4 cents bringing the national average price to $2.556 per gallon. This marks a $1.142 drop from the same week last year. ​

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-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 10/17/15​​

 

National Truck Shipments​

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-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 10/17/15​​

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