Market Conditions 2/21/2016-2/27/2016

This week's market presented us with an overall decrease of available loads. Collectively, spot market loads decreased 2% with a 4% increase in truck availability. When taking all averages, reefer rates remained flat again while van rates increased 1% and flatbed rates decreased another 0.5% 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: $1.91/mi, Van: $1.60/mi, Flatbed: $1.88/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 still manageable freight volumes again this week. Wisconsin, Minnesota, the Dakotas, and Idaho have tighter markets but have loosened up a bit, shipping potatoes, onions and meats. Arkansas, southern Missouri, and southern Illinois are shipping chicken. Expect to see a continued increase in load volumes in Florida with potatoes, cabbage and mixed greens becoming available. Southern California is beginning to ship out higher volumes of citrus and mixed vegetables but rates remain relatively low on the spot market.

 

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 2/27/16

 

Monday:

 

 Friday:

 -DAT Power Load to Truck Reefer Densities 2/27/16

 

 -United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 2/27/16

 

 

Dry Freight

 

Load availability increased 5% on a national average this week while truck availability increased 3%. Price has stabilized in most regions of the United States. Regions of higher freight densities include Illinois, Indiana, Arkansas, Mississippi, Alabama, and the Texas Valley. 

​​

Monday:

 

 Friday:

  -DAT Power Load to Truck Van Densities 2/27/16

 

 

Flatbed Densities​​​​

 

Monday:​​​

 

 Friday:

 -DAT Power Load to Truck Flatbed Densities 2/27/16

 

 

Diesel Pricing

 

Diesel ended its long steady decline this week rising 0.3 cents, bringing the national average price to $1.983 per gallon. This marks a $0.917 drop from the same week last year.

 -U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 2/27/16

 

 

National Truck Shipments​

 -United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 2/27/16

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