Market Conditions 10/23/2016-10/29/2016

This week's market has shown an increase in load to truck demand in most markets. Load availability decreased 3.5% and truck availability increased by 1%. When taking all averages, reefer rates increased 0.5%, van rates held steady, and flatbed rates increased by 0.5%. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $1.94/mi, Van: $1.67/mi, Flatbed: $1.92/mi.

 

Refrigerated Freight 

 

The Upper Midwest and Northwest regions of the U.S. are nearing the end of the season with freight volumes continuing to decrease. Upstate New York is still shipping apples and cabbage. The Buffalo and Rochester markets have the densest load to truck ratios in the region. Eastern North Carolina is shipping sweet potatoes. Wisconsin, Minnesota, North Dakota, and South Dakota have tighter markets, shipping potatoes. Washington state's load volume is down from weeks past. The fall ornamental push has come to a close in Colorado and the Midwest. California's outbound rates are flat and expected to stay low through much of November. Melons, stone fruit, grapes and mixed vegetables are all shipping out of California.

 

Look for melons and avocados to begin shipping over the border in TX and AZ this upcoming weeks. The south and Southeast will continue to increase the volumes of squash, cucumbers, eggplant, peppers, green beans, and onions moving out. Georgia and central/northern Florida have started shipping light volumes.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 10/29/16

 

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 10/29/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 10/29/16

 

Dry Freight

 

On a national average, load availability increased by 1%, truck postings increased 2%. Regions and states with higher freight densities include the Northwest, California, The Upper Plains and Heartland, Arkansas, Missouri, Illinois, Indiana, Ohio, Michigan, and the Carolinas. 

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 10/29/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 10/29/16

 

Diesel Pricing

 

Fuel prices decreased by 0.3 cents bringing the national average price to $2.478 per gallon. This marks a $0.020 drop from the same week last year.

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 10/29/16

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 10/29/16

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