Market Conditions 4/2/2016-4/9/2016

This week's market presented us with a decrease of available loads. Collectively, spot market loads decreased 4% with a 3% increase in truck availability. When taking all averages, reefer rates held steady, van rates decreased by 1%, and flatbed rates increased by 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: $1.83/mi, Van: $1.58/mi, Flatbed: $1.90/mi.

 

Densities overall were down this week for all three equipment types most likely due to the start of the new quarter. We anticipate the Mexican border hubs to continue shipping higher freight volumes. Production and shipping continues to be on the rise for flatbed and van freight especially in the South and Midwest.

 

Refrigerated Freight 

 

Southern California, the Nogales, AZ market, and the TX Valley Market continue to have higher truckload volumes this week. Florida continues to have an overabundance of trucks and a lack of freight volume. Georgia and South Carolina continued moderate volumes this week shipping mixed greens and carrots. The Heartland, South, and Midwest regions of the U.S. have elevated but still manageable freight volumes again this week. Wisconsin, Minnesota, the Dakotas, and Idaho have continued to slowly loosen up, shipping potatoes, onions and various meats. Arkansas, southern Missouri, and southern Illinois are shipping chicken.

 

Monday: 

 

 Friday:

 -DAT Power Load to Truck Reefer Densities 4/9/16

 

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 4/9/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 4/9/16

 

 

Dry Freight

 

Load availability decreased 5% on a national average this week while truck availability increased 3%. Spot rates have held steady in most regions of the United States. Regions of higher freight densities include Tennessee, Arkansas, Mississippi, Alabama, Georgia, The Carolinas, and the Texas Valley. 

​​

Monday:

 

Friday:

 -DAT Power Load to Truck Van Densities 4/9/16

 

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

 -DAT Power Load to Truck Flatbed Densities 4/9/16

 

 

Diesel Pricing

 

Diesel prices decreased 0.6 cents this week, bringing the national average price to $2.115 per gallon. This marks a $0.669 drop from the same week last year.

 -U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 4/9/16

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 4/9/16

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