Market Conditions 8/21/2016-8/27/2016

This week's market presented us with an increase in load to truck demand on a national scale. Collectively, spot market loads increased 1.5% while truck availability remained relatively flat compared to last week. When taking all averages, reefer rates remained flat, van rates decreased by 0.5%, and flatbed rates remained steady. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $1.96/mi, Van: $1.65/mi, Flatbed: $1.91/mi.

 

Rates have stabilized in the Southern and Southeastern regions of the U.S. while rates increased and now are holding steady in the Northeast and Midwest. 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: Washington, Oregon, Idaho, Illinois, Wisconsin, Minnesota, Indiana, Michigan, Maryland, Delaware, New Jersey, and Maine.  

 

Higher freight volumes have transitioned further north with melons, mixed vegetables, corn, and berries being harvested. Michigan blueberries, peppers, and cucumbers are shipping. Delaware and New Jersey are shipping their corn and blueberry crops. Washington, Oregon and Idaho are shipping potatoes and onions. Arkansas, southern Missouri, and Illinois are shipping chicken and mixed produce. Produce will continue to progress further north in the upcoming weeks as we continue through the summer months. Expect apples to begin shipping in the next few weeks out of Michigan and New York.

 

Monday: 

 

 Friday:

-DAT Power Load to Truck Reefer Densities 8/27/16

 

 

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 8/27/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 8/27/16

 

Dry Freight

 

Load availability increased slightly on a national average this week while truck availability stayed flat. States with higher freight densities include the Northwest, Arkansas, Missouri, Illinois, Wisconsin, Minnesota, Indiana, Ohio, Tennessee, Virginia, Pennsylvania, and New Jersey.  

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 8/27/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 8/27/16

 

Diesel Pricing

 

Fuel prices came back up six cents this week, bringing the national average price to $2.370 per gallon. This marks a $0.191 drop from the same week last year.

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 8/27/16

 

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 8/27/16

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