Market Conditions 7/24/2016-7/30/2016

This week's market presented us with an increase in load to truck demand in most markets. Collectively, spot market loads increased 2.5% while truck availability remained relatively flat compared to last week. When taking all averages, reefer rates climbed by 1%, van rates increased by 0.5% 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: $1.99/mi, Van: $1.67/mi, Flatbed: $1.91/mi.

 

Load densities on a national average increased this week for van, reefer equipment but decreased for flatbed freight. The Northeast and upper Midwest regions are 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, Indiana, Michigan, Kentucky, Tennessee, North Carolina, and Maine. 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 are 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 7/30/16

 

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 7/30/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 7/30/16

 

Dry Freight

 

Load availability increased on a national average this week while truck availability stayed flat. States with higher freight densities include Arkansas, Missouri, Illinois, Wisconsin, Indiana, Ohio, Tennessee, Kentucky, Alabama, Virginia and the Carolina's.  

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 7/30/16

 

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 7/30/16

 

Diesel Pricing

 

Fuel prices dropped again this week, bringing the national average price to $2.379 per gallon. This marks a $0.344 drop from the same week last year.

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 7/30/16

 

National Truck Shipments​

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 7/30/16

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