Market Conditions 7/10/2016-7/16/2016

This week's market presented us with another decrease in load to truck demand in most markets. Collectively, spot market loads decreased 2% while truck availability increased 4% compared to last week. When taking all averages, reefer rates and van rates remained flat and flatbed rates have decreased by 1.5% 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: $1.98/mi, Van: $1.65/mi, Flatbed: $1.92/mi.

 

Load densities on a national average decreased this week for van, reefer, and flatbed freight. The Northeast is shipping higher than normal volumes of freight helping to keep the national average steady. 

 

Refrigerated Freight 

 

The following states had the highest truckload volumes this past week: Arkansas, Missouri, Illinois, Wisconsin, Kentucky, Tennessee, South Carolina, and North Carolina. Florida's produce has stopped completely. Georgia, Alabama, and South Carolina are slowing down as the fresh produce shifts northward. 

 

As expected, the higher volumes have transitioned further north this week with melons, mixed vegetables, corn, and berries being harvested. Michigan blueberries and cucumbers are picking up in volume. Delaware and New Jersey have started shipping their corn and blueberry crops. Arkansas, southern Missouri, and Illinois are shipping chicken and mixed produce. Produce will continue to progress further north in the next few weeks as we continue through the summer months.

 

Monday: 

 

 Friday:

-DAT Power Load to Truck Reefer Densities 7/16/16

 

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 7/16/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 7/16/16

 

Dry Freight

 

Load availability decreased 3% on a national average this week while truck availability increased by 3%. Spot rates are still highest in the sunbelt region of the United States. States with higher freight densities include Texas, Arkansas, Missouri, Illinois, Mississippi, Tennessee, Alabama, Georgia, and the Carolina's.  

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 7/16/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 7/16/16

 

Diesel Pricing

 

Fuel prices dropped slightly again this week, bringing the national average price at $2.414 per gallon. This marks a $0.400 drop from the same week last year.

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 7/16/16

 

 

National Truck Shipments​

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 7/16/16

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