Market Conditions 7/9/2017-7/15/2017

This week's market tightened up slightly when compared to last week. Load availability increased by 1% and truck availability decreased by 1%. When taking all averages, reefer rates decreased by 0.5%, van rates remained flat, and flatbed rates decreased by 1%. 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: $1.84/mi, Flatbed: $2.18/mi.

 

As seen below, densities overall are on par with recent weeks volumes. We anticipate volumes and rates to remain fairly flat through the remainder of July and part of August. This applies to flatbed, van, and reefer freight. 

 

Refrigerated Freight  

 

Volumes in the reefer market increased slightly this week with produce shipments remaining high in the Midwestern and east coast states. There remains a shortage of available equipment on the spot market in the South, Midwest, and Texas this week. The heaviest produce volumes were in the Midwest, South, and Texas. California's produce shipments have leveled off for the time being. We anticipate produce volumes to continue to increase in the upcoming weeks in the Northeast and Upper Midwest. The market regions with the highest load to truck densities include New Mexico, Texas, the Heartland, and the Midwest.

 

Monday: 

 

Friday:

-DAT Power Load to Truck Reefer Densities 7/15/17

 

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 7/15/17

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 7/15/17

 

Dry Freight

 

On a national average, load availability increased by 1% and truck postings decreased by 0.5%. The van market had the highest load to truck densities in California, 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 7/15/17

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 7/15/17

 

Diesel Pricing

 

Diesel prices increased 0.9 cents this week, bringing the national average price to $2.481 per gallon. This marks a 6.7 cent increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 7/15/17

 

National Truck Shipments​​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 7/15/17

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