Market Conditions 6/11/2017-6/17/2017

Load to truck ratios and demand leveled off this week. Load availability decreased by 0.8% and truck availability decreased by 2%. Load to truck ratios for flatbed freight remained high this week with more than 50 loads available for each truck posted. Reefer and van ratios are also elevated with rates continuing to respond to the increased demand.  When taking all averages, reefer rates increased by 1.5%, van rates increased by 1%, and flatbed rates stayed flat. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $2.12/mi, Van: $1.80/mi, Flatbed: $2.17/mi.

 

Volumes in the entire southern half of the US remain elevated for flatbed, van, and reefer freight. These high volumes are building back into the Midwest again. Production and shipping remains elevated especially in the South, Southeast, and Midwest. 

 

Refrigerated Freight  

 

Volumes in the reefer market increased this week with produce shipments continuing to rise in southern and Midwestern states. There was shortage of available equipment on the spot market in the South, Midwest, and the Texas border crossing this week. The heaviest volumes in the Southeast have transitioned to northern Florida and Southern Georgia. Florida continues to ship mixed vegetables and melons. California's produce season is also in full swing with rates staying flat on the outbound lanes. The market regions with the highest load to truck densities include California, Arizona the Heartland, Texas, Midwest, Gulf Coast states, and the Southeast. With increased inbound reefer freight to the Northeast and upper Midwest, outbound rates continue to take a hit, keeping the balance of rates on a national average.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 6/17/17

 

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 6/17/17

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 6/17/17

 

Dry Freight

 

On a national average, load availability decreased by 2% and truck postings decreased by 1.5%. Similar to the reefer market, the van market had the highest load to truck densities in California, Arizona the Heartland, Texas, Midwest, Gulf Coast states, and the Southeast.  These areas of higher densities also offer the highest outbound rates.

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 6/17/17

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 6/17/17

 

Diesel Pricing

 

Diesel prices dropped 4.0 cents this week, bringing the national average price to $2.524 per gallon. This marks a 9.3 cent increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 6/17/17

 

National Truck Shipments​​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 6/17/17

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