Market Conditions 11/20/2016-11/26/2016

This week's market has once again shown an increase in load to truck demand. Load availability increased 2% and truck availability decreased by 8%. When taking all averages, reefer rates increased 1.5%, van rates increased by 1%, and flatbed rates held steady. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $2.05/mi, Van: $1.75/mi, Flatbed: $1.92/mi.

 

Refrigerated Freight  

 

The reefer market was again in high demand through Wednesday with the Thanksgiving push. After the holiday, load volumes were extremely light to finish up the week. The Northwest, Colorado, Nogales border crossing, the Dakotas, Nebraska, Wisconsin, and the Carolinas are all regions that had a shortage of trucks. The Buffalo and Rochester markets have the densest load to truck ratios in the North East, shipping apples and dairy. The Carolinas are shipping sweet potatoes, turkeys and Christmas Trees. Wisconsin, Minnesota, North Dakota, and South Dakota have tighter markets, shipping potatoes and meat. California's outbound rates have spiked due to higher produce volumes beginning to ship out. Melons, stone fruit, grapes and mixed vegetables are all shipping out of California.

 

Look for melons and vegetables to continue shipping over the border in TX and AZ in the 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 continue shipping moderate volumes of produce.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 11/26/16

 

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 11/26/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 11/26/16

 

Dry Freight

 

On a national average, load availability increased by 5%, truck postings decreased 3.5%. 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. Concurrent with reefer freight, van freight volumes dropped significantly after Thanksgiving.

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 11/26/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 11/26/16

 

Diesel Pricing

 

Fuel prices decreased by one tenth of a cent, bringing the national average price to $2.420 per gallon. This marks a $0.001 drop from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 11/26/16

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 11/26/16

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