Market Conditions 3/19/2017-3/25/2017

Market volumes this week have leveled off for all three equipment types. Load availability increased 1% and truck availability increased by 3%. Load to truck ratios for flatbed freight still remain high on a national average with more than 30 loads to each truck. Reefer and van rates also have elevated load to truck ratios but rates have not yet responded to the increased demand.  When taking all averages, reefer rates decreased by 1%, van rates remained flat, and flatbed rates increased 0.5%. 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: $1.68/mi, Flatbed: $2.03/mi.

 

Densities overall have continued to rebound for all three equipment types. We anticipate the Mexican border hubs to continue shipping higher freight volumes. Production and shipping continues to be on the rise for flatbed and van freight especially in the South and Midwest.

 

Refrigerated Freight  

 

The volumes in the reefer market increased slightly this week with produce shipments continuing to rise. The Arizona and Texas border crossings have become even busier this week and we anticipate the import volumes to remain high. Florida saw a slight slowdown in volume with a slight surplus of trucks. The state continues to ship mixed vegetables, berries, citrus, and corn. In the Northeast, the Buffalo and Rochester markets continue to have the densest load to truck ratios, shipping various processed foods and dairy. The Heartland, parts of the Midwest, especially Texas and Arkansas have elevated load to truck ratios.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 3/25/17

 

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 3/25/17

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 3/25/17

 

Dry Freight

 

On a national average, load availability decreased by 2% and truck postings increased by 1%. Similar to the reefer market, the van market in the Heartland, Texas, and the South have the highest load to truck densities and therefore, the highest outbound rates.

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 3/25/17

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 3/25/17

 

Diesel Pricing

 

Diesel prices dropped 2.5 cents this week, bringing the national average price to $2.539 per gallon. This marks a 42 cent increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 3/25/17

 

National Truck Shipments​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 3/25/17

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