Market Conditions 12/11/2016-12/17/2016

This week's market has shown an increase in load to truck demand. Load availability increased 9% and truck availability decreased by 5%. When taking all averages, reefer rates increased 3%, van rates increased by 2.5%, and flatbed rates increased 1%. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $2.06/mi, Van: $1.77/mi, Flatbed: $1.93/mi.

 

Refrigerated Freight  

 

The reefer market had a significant bounce in freight volume this week. This was largely due to the Christmas/Holiday push. The Northwest, Colorado, Kansas, Arkansas, the Dakotas, Nebraska, Wisconsin, and the Carolinas are all regions that had a shortage of trucks. The Buffalo and Rochester markets continue to have the densest load to truck ratios in the Northeast, shipping various foods and dairy. Be advised that lake effect snow can cause the area to shut down this time of year. Wisconsin, Minnesota, North Dakota, and South Dakota have tight markets, shipping potatoes and meat. California's outbound rates have increased because of the seasonal push but demand for trucks remains low. Melons, stone fruit, grapes and mixed vegetables are all shipping out of California.

 

We anticipate next week (week of December 19th) to continue with increased load volumes with trucks being very selective of their lanes so that many drivers can be home for Christmas. Central and south Florida will continue to increase the volumes of squash, cucumbers, eggplant, peppers, and green beans. Georgia and central/northern Florida continue shipping moderate volumes of produce.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 12/17/16

 

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 12/17/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 12/17/16

 

Dry Freight

 

On a national average, load availability increased by 5%, truck postings decreased 2%. Regions and states with higher freight densities include the Northwest, The Upper Plains and Heartland, Arkansas, Missouri, Illinois, Indiana, Ohio, Michigan, the Carolinas, and Gulf Coast. 

​​

Monday:

 

Friday:

 

-DAT Power Load to Truck Van Densities 12/17/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 12/17/16

 

Diesel Pricing

 

Fuel prices increased by 1.3 cents, bringing the national average price to $2.493 per gallon. This marks a $0.155 increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 12/17/16

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 12/17/16

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