Market Conditions 8/28/2016-9/3/2016

This week's market presented us with an increase in load to truck demand. Collectively, spot market loads increased 2% while truck availability decreased 1% compared to last week. When taking all averages, reefer rates increased 1.5%, van rates increased 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: $1.99/mi, Van: $1.66/mi, Flatbed: $1.91/mi.

 

Rates have remained stable in the Southern and Southeastern regions of the U.S. while rates have inched higher in the Northeast, Midwest, Heartland, and Northwest ahead of the Labor Day Weekend.  

 

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 held steady with melons, mixed vegetables, corn, and berries being harvested. Michigan blueberries, peppers, cucumbers, and apples 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. Pumpkins have started their fall harvest in Colorado. Produce will continue to ship out of these regions in the upcoming weeks as we continue through last few weeks of the summer. 

 

Monday: 

Friday:

-DAT Power Load to Truck Reefer Densities 9/3/16

 

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 9/3/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 9/3/16

 

Dry Freight

 

On a national average, load availability increased 5% this week while truck availability decreased 3%. 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 9/3/16

 

 

Flatbed Densities​​​​

 

Monday:​​​

Friday:

-DAT Power Load to Truck Flatbed Densities 9/3/16

 

 

Diesel Pricing

 

Fuel prices increased again, up 3.9 cents this week, bringing the national average price to $2.409 per gallon. This marks a $0.105 drop from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 9/3/16

 

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 9/3/16

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