Market Conditions 7/23/2017-7/29/2017

This week's market has shown an increase in load to truck demand in most markets. Load availability increased by 1% and truck availability decreased by 1.5%. When taking all averages, reefer rates remained flat, van rates decreased by 0.5%, 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: $2.11/mi, Van: $1.83/mi, Flatbed: $2.19/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 continue to transition north with produce shipments increasing in the Midwestern and east coast states. Spot rates have dipped in the South, Southeast, and the Southwest. The heaviest produce volumes this week were in the Plains states, Midwest, and the Northeast. California's produce shipment volumes remain light 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 Michigan, Illinois, Wisconsin, Missouri, and Arkansas.

 

Monday:

 

Friday:

-DAT Power Load to Truck Reefer Densities 7/29/17

 

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 7/29/17

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 7/29/17

 

Dry Freight

 

On a national average, load availability bounced back this week with an increase of 1% compared to the previous week.  Truck postings decreased by 1%. The van market had the highest load to truck densities in the Mississippi River valley, Midwest, and the Northeast.  These areas of higher densities also offer the highest outbound rates.

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 7/29/17

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 7/29/17

 

Diesel Pricing

 

Diesel prices increased 1.6 cents this week, bringing the national average price to $2.507 per gallon. This marks a 12.8 cent increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 7/29/17

 

National Truck Shipments​​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 7/29/17

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