Market Conditions 1/10/2016-1/16/2016

This week's market continued its reversal in trend since the end of the holiday push. Collectively, spot market loads went down 7% with a 2% increase in truck availability. When taking all averages, reefer rates dropped for a 1% decrease, van rates also decreased 2% 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: $2.00/mi, Van: $1.78/mi, Flatbed: $1.93/mi. 

 

As seen below, densities overall have dropped nation-wide. Densities were higher at the beginning of the week with the end loosening up again. This tends to be congruent with brokers and carriers booking their loads and trucks through the weekend. Watch for poor weather conditions that cause rates to rise in all regions of the United States.

 

Refrigerated Freight 

 

The Heartland, South/Southeast, and Mexican border regions of the U.S. are continuing to show an increase in freight volumes. Expect continued lower volume in the Northeastern, Northwestern, and Southwestern regions in the weeks ahead. Wisconsin, Minnesota and Idaho have tight markets, shipping potatoes and meat. Expect to see a continued increase in load volumes in Georgia and northern Florida with cabbage and mixed greens becoming available. The Mexican border crossing's produce volumes continue on their anticipated rise. The Texas Valley and southern AZ will continue to tighten up. California is back to flat with one-to-one or less loads to truck volumes shipping citrus and mixed vegetables.

 

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 1/16/16

 

Monday:

 

Friday:

-DAT Power Load to Truck Reefer Densities 1/16/16

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 1/16/16

 

Dry Freight

 

Load availability decreased 6% on a national average this week while truck availability rose 8%. Price has dropped in most regions of the U.S. Regions of higher freight densities include Illinois, western Kentucky and surrounding state borders, Minnesota, Wisconsin, Texas/Mexican border, and the Northwest. 

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 1/16/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

 Friday:

-DAT Power Load to Truck Flatbed Densities 1/16/16

 

Diesel Pricing

 

Diesel dropped 3.4 cents bringing the national average price to $2.177 per gallon. This marks a $0.876 drop from the same week last year. ​​

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 1/16/16

 

National Truck Shipments​

​​​​​

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 1/16/16

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