Market Conditions 9/10/2017-9/16/2017

Load to truck ratios and demand moved higher this week for van, reefer, and flatbed equipment. Load availability increased by 1.5% with truck availability decreasing by 8%. When taking all averages, reefer rates increased by 2%, van rates increased by 2.5%, and flatbed rates increased by 1.5%. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $2.21/mi, Van: $1.95/mi, Flatbed: $2.26/mi.

 

Hurricane Irma caused significant damage to Florida and another disruption to the supply chain across the United States. Florida has already seen a great amount of help from FEMA and many charitable groups and people. With that relief, there has been a high demand for equipment to assist in the response and cleanup in the wake of the hurricane. The supply chain disruption and hurricane response has caused demand and rates to increase even further throughout the United States. As seen below, densities from region to region have all increased in the last week. 

 

Refrigerated Freight

 

Nationally, reefer load-to-truck ratios jumped significantly this week. Produce shipments in the in the north remained tough to move for shippers. Rates increased even further in the Midwestern and North East states. 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 even as we near the end of the season 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 9/16/17

 

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 9/16/17

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 9/16/17

 

Dry Freight

 

For vans, load availability increased by 4% compared to the previous week.  Rates still remain strong for the month of September. Truck postings decreased by 9%. 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 9/16/17

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 9/16/17

 

Diesel Pricing

 

Diesel prices increased another 4.4 cents this week, bringing the national average price to $2.802 per gallon. This marks a 40.3 cent increase from the same week last year.

 

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 9/16/17

 

National Truck Shipments​​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 9/16/17

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