Market Conditions 1/17/2016-1/23/2016

This week's market presented us with a continued decrease in spot market loads. Collectively, spot market loads dropped 10% with an 8% increase in truck availability. When taking all averages, reefer rates dropped for a 2% decrease, van rates also decreased 2% and flatbed rates decreased 1% 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: $1.96/mi, Van: $1.74/mi, Flatbed: $1.92/mi. 

 

As seen below, densities overall have dropped nation-wide. Densities were higher at the beginning of the week and again yesterday (Friday) on the east coast due to the blizzard. Watch for poor weather conditions that cause rates to rise in all regions of the United States during any significant storm.

 

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 meats. Expect to see a continued increase in load volumes in Florida with cabbage and mixed greens becoming available. The Mexican border crossing's produce volumes have decreased for the time being. California is 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 1/23/16

 

Monday:

 Friday:

 -DAT Power Load to Truck Reefer Densities 1/23/16

 -United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 1/23/16

 

Dry Freight

 

Load availability decreased 12% on a national average this week while truck availability rose 10%. Price has dropped in most regions of the U.S. Regions of higher freight densities include Illinois, Indiana, Minnesota, Wisconsin, Arkansas, and Alabama. 

​​

Monday:

 

Friday:

 -DAT Power Load to Truck Van Densities 1/23/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

 -DAT Power Load to Truck Flatbed Densities 1/23/16

 

Diesel Pricing

 

Diesel dropped 6.5 cents, bringing the national average price to $2.112 per gallon. This marks a $0.821 drop from the same week last year. ​​

 -U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel/ 1/23/16

 

National Truck Shipments​

​​​​​

 -United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 1/23/16

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