Market Conditions 10/2/2016-10/8/2016

This week's market demand has remained relatively stable through the week. Load availability increased 1% and truck availability decreased 2%. When taking all averages, reefer rates decreased 0.5%, van and flatbed rates remained flat. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $1.95/mi, Van: $1.67/mi, Flatbed: $1.89/mi.

 

Refrigerated Freight 

 

The Upper Midwest and Northwest regions of the U.S. are still shipping high volumes of produce. Upstate New York is shipping apples and is tight with local cabbage and cucumbers. The Buffalo and Rochester markets have the densest load to truck rations in the region. Eastern North Carolina is shipping sweet potatoes. Wisconsin, Minnesota, North Dakota, and South Dakota have tight markets, shipping potatoes. Washington state has remained tight again this week shipping apples, potatoes and onions. Fall ornamentals are moving out of Colorado and the Midwest. California has seen an uptick in volume but rates to the east coast still remain low. Melons, stone fruit, grapes and mixed vegetables are all shipping out of California. The Upper Midwest markets are expected to remain tight. Washington, Oregon, and Idaho have remained tight with load densities in certain markets of over 15 loads for each available truck. Nearing the end of the week we saw high resistance and rate spike for any freight heading into the Southeast, especially Florida due to Hurricane Matthew. 

 

Look for melons and avocados to being shipping over the border in TX and AZ this upcoming weeks. Alabama, Georgia and South Carolina will continue to increase the volumes of squash, eggplant, and peppers moving out.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 10/8/16

 

 

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 10/8/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 10/8/16

 

 

Dry Freight

 

On a national average, load availability increased by 2%, most notably on the west coast. Regions and states with higher freight densities include the Northwest, California, Arkansas, Missouri, Illinois, Wisconsin, Minnesota, Indiana, Ohio, Tennessee, and the Carolinas. Nearing the end of the week we saw high resistance and rate spike for any freight heading into the Southeast, especially Florida due to Hurricane Matthew.  

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 10/8/16

 

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 10/8/16

 

 

Diesel Pricing

 

Fuel prices increased by 0.7 cents bringing the national average price to $2.389 per gallon. This marks a $0.103 drop from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 10/8/16

 

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 10/8/16

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