Market Conditions 4/23/2017-4/29/2017

This week's market has exhibited an increase in load to truck demand ratios in most markets. Load availability increased 0.4% and truck  availability decreased by 0.2%. Load to truck ratios for flatbed freight still remain high on a national average with more than 40 loads to each truck. Reefer and van rates also have elevated load to truck ratios with rates continuing to respond to the increased demand.  When taking all averages, reefer and van rates held flat, 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: $2.00/mi, Van: $1.71/mi, Flatbed: $2.12/mi.

 

Densities for reefer and van freight were similar to last week's while flatbed densities continued to rise. Volumes at the Mexican border hubs continue to remain elevated. Production and shipping continues to be on the rise for flatbed and van freight especially in the South and Midwest.

 

Refrigerated Freight  

 

Volumes in the reefer market held steady, remaining high this week with produce shipments continuing to rise in the southern states. The Arizona and Texas border crossing volumes remain high. Volumes in the entire state of Florida continue on their steady rise with rates continuing higher as well. Florida continues to ship mixed vegetables, berries, tomatoes, and melons. California's produce season is also in full swing with rates continuing to increase on all outbound lanes. In the Northeast, the Buffalo and Rochester markets continue to have the densest load to truck ratios, shipping various processed foods and dairy. With increased inbound reefer freight to the Northeast, rates out of the Northeast are dropping, keeping the balance of rates on a national average. The Heartland, parts of the Midwest, especially Texas and Arkansas held onto their elevated load to truck ratios for another week as well.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 4/29/17

 

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 4/29/17

​​

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 4/29/17

 

Dry Freight

 

On a national average, load availability inched higher by 0.2% and truck postings decreased by 0.5%. Similar to the reefer market, the van market had the highest load to truck densities in California, the Heartland, Texas, Midwest, and the Gulf Coast states.  These areas of higher densities also offer the highest outbound rates.

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 4/29/17

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 4/29/17

 

Diesel Pricing

 

Diesel prices decreased 0.2 cents this week, bringing the national average price to $2.595 per gallon. This marks a 39.7 cent increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 4/29/17

 

National Truck Shipments​​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 4/29/17

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