Market Conditions 8/20/2017-8/26/2017

Load to truck ratios and demand moved lower again this week for van and flatbed equipment, but ratios increased for reefers. Load availability decreased by 1.5% and truck availability increased by 1%. When taking all averages, reefer rates remained flat, van rates decreased by 0.5%, 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: $2.10/mi, Van: $1.80/mi, Flatbed: $2.17/mi.

 

As seen below, densities from region to region are relatively unchanged from the recent weeks. We anticipate volumes and rates to remain relatively flat through the remainder of August. This applies to flatbed, van, and reefer freight. 

 

Refrigerated Freight

 

Nationally, reefer load-to-truck ratios inched lower this week. Produce shipments in the in the north remained tough to move for shippers. Rates held steady in the Midwestern states and inched higher in the North East. Spot rates continue their slump in the South, Southeast, and the Southwest. The heaviest 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 remain elevated in the upcoming weeks in the Northeast and Upper Midwest. The market regions with the highest load to truck densities include New Jersey, Delaware, Michigan, Ohio, Indiana, Illinois, Wisconsin, Missouri, and Arkansas.

 

Monday:

 

Friday:

-DAT Power Load to Truck Reefer Densities 8/26/17

 

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 8/26/17

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 8/26/17

 

Dry Freight

 

For vans, load availability decreased by 1% compared to the previous week.  Rates still remain strong for the month of August. Truck postings decreased by 2.5%. The van market had the highest load to truck densities in the Mississippi River valley, Midwest, and the entire East Coast.  These areas of higher densities also offer the highest outbound rates.

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 8/26/17

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 8/26/17

 

Diesel Pricing

 

Diesel prices decreased 0.2 cents this week, bringing the national average price to $2.596 per gallon. This marks a 22.6 cent increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 8/26/17

 

National Truck Shipments​​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 8/26/17

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