Market Conditions 2/12/2017-2/18/2017

Market volumes this week remained higher than 2015 and 2016, but reefer and van rates continued to decline. Load availability increased 1% and truck availability increased by 2%. When taking all averages, reefer rates decreased 2%, van rates decreased by 1.5%, and flatbed rates increased 1.5%. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $1.93/mi, Van: $1.65/mi, Flatbed: $1.95/mi.

 

Refrigerated Freight  

 

The reefer market remained slow this week with a continued decrease in volume and a declining demand for trucks. The Northwest and Southwest had the lightest volumes again and plentiful amounts of available equipment. Florida continues to ship mixed vegetables, berries, citrus, and melons. In the Northeast, the Buffalo and Rochester markets continue to have the densest load to truck ratios, shipping various foods and dairy. The Heartland, Texas, and parts of the Midwest have continued with some of the highest load to truck ratios in the nation. Just as in years past, we expect the over the road trucking market to remain slow through the month of February until the domestic produce pushes begin. 

 

The Mexican border crossings were not as busy this week. Nogales, AZ had a truck surplus while McAllen/ Laredo, TX maintained a higher volume with a slight shortage of trucks. Central and south Florida will continue to increase the volumes of berries, cucumbers, eggplant, peppers, green beans and melons.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 2/18/17

 

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 2/18/17

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 2/18/17

 

Dry Freight

 

On a national average, load availability increased by 2% and truck postings increased by 3%. Similar to the reefer market, the van market in the Heartland, Texas, and parts of the South have the highest load to truck densities and therefore, the highest outbound rates.

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 2/18/17

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 2/18/17

 

Diesel Pricing

 

Diesel prices rose 0.7 cents, bringing the national average price to $2.565 per gallon. This marks a 58.5 cent increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 2/18/17

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 2/18/17

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