Market Conditions 1/31/2016-2/6/2016

This week's market presented us with a slight uptick of available loads. Collectively, spot market loads increased 2% with a 1% increase in truck availability. When taking all averages, reefer rates decreased 2%, van rates also decreased 1.5% and flatbed rates remained flat 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: $1.91/mi, Van: $1.69/mi, Flatbed: $1.91/mi. 

 

As seen below, densities overall have remained low and relatively unchanged though each day of the week. We anticipate the Mexican border hubs to continue their increase in freight volume throughout the month of February and into early March. Watch for poor weather conditions that cause rates to rise in all regions of the United States during any significant storm.

 

Refrigerated Freight 

 

The Heartland, South, Midwest and Mexican border regions of the U.S. have higher but manageable freight volumes. Expect continued lower volumes in the Northeastern and Northwestern regions in the weeks ahead. Wisconsin, Minnesota and Idaho have tighter markets, shipping potatoes and meats, and Arkansas is shipping higher volumes of chicken. Expect to see a continued increase in load volumes in Florida with cabbage and mixed greens becoming available. This second week of February the Miami market will be much busier with the Valentine's Day flower imports. California is flat with one-to-one loads to truck volumes shipping citrus and mixed vegetables.

 

The rates below are average direct from customer rates. The bold line is the origin, left column is the destination. The following two columns are weekly ranges from the previous week. The next two columns are this week's ranges and the final column on the right is the percent changes from last week to this week.​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 2/6/16

 

Monday:

 

  Friday:

-DAT Power Load to Truck Reefer Densities 2/6/16

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 2/6/16

 

Dry Freight

 

Load availability increased 3% on a national average this week while truck availability remained flat. Price has dropped in most regions of the U.S. Regions of higher freight densities include Illinois, Indiana, Minnesota, Wisconsin, Arkansas, and Alabama, and the Texas Valley. 

​​

Monday:

 

 Friday:

 -DAT Power Load to Truck Van Densities 2/6/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

 -DAT Power Load to Truck Flatbed Densities 2/6/16

 

Diesel Pricing

 

Diesel dropped 4.0 cents, bringing the national average price to $2.031 per gallon. This marks a $0.800 drop from the same week last year.

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 2/6/16

 

National Truck Shipments​

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 2/6/16

 

 

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