Market Update: August 17, 2018

Posted by Tyler Hoffmeister on 8/17/18 9:02 AM

As the summer freight boom declines, so are truckload rates across all modes. However, market conditions are starting to tighten in the Midwest region. We are expecting with the Labor Day holiday and the retail surge starting in the upcoming month that capacity will continue to tighten in all regions of the country.

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Market Update: July 26, 2018

Posted by Nate Schwandt on 7/26/18 10:35 AM

As we near August, we're finally seeing some relief from the tight capacity that defined most of May and June. Dry van, reefer and flatbed rates have dipped slightly from their record highs as a result of less loads flooding the market and more trucks becoming available. We expect the market to remain steady until the end of next month when the amount of imports rise, big box store volume increases, and shippers begin stocking up in preparation for the holidays.

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Market Update: July 12, 2018

Posted by Tyler Hoffmeister on 7/12/18 7:04 AM

 

The market remains relatively unchanged over the past couple weeks with significant tightness and high rates out of the South. We expect rates to begin leveling out and the southern produce season boom to subside in the coming weeks. If history is any guide, that will mean the capacity restrictions will slowly start moving Northwest and begin affecting Illinois, Missouri, Iowa, Michigan, and Ohio.

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Market Update: June 27, 2018

Posted by Tyler Hoffmeister on 6/27/18 1:56 PM

 

Similar to last week, the market continues to be extremely tight in the Southeast due to a strong produce season. We're also seeing capacity tighten in the Southwest and Texas with increasing delays getting trucks across the border into the US. We expect the market to continue to tighten in the coming weeks with end-of-month/end-of-quarter orders coupled with the approaching holiday. "As a shipper, being flexible with carriers/drivers will help in these market conditions," says Brian McIntyre, Director of Operations at Sheer. "Since equipment is hard to come by, you don't want to limit yourself."

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Market Update: June 21, 2018

Posted by Nate Schwandt on 6/21/18 8:35 AM

"This week we're seeing continued capacity struggles in the Southeastern US, particularly outbound Georgia as the produce boom continues to move north," says Tim Young, VP of Brokerage at Sheer. "Flatbed capacity also remains a challenge as prices continue to rise and the summer construction season doesn't seem to be slowing down anytime soon."

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Market Update: June 14, 2018

Posted by Nate Schwandt on 6/14/18 12:02 PM

Insert commentary.

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Market Update: June 7, 2018

Posted by Nate Schwandt on 6/7/18 11:48 AM

Insert commentary.

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Market Update: May 31, 2018

Posted by Nate Schwandt on 5/31/18 8:53 AM

Memorial Day led to tighter capacity and higher spot market rates as we saw many independent carriers go home for the 3-day-weekend. Flatbed rates rose to another record high while reefer rates are up 2¢ per mile. We're seeing especially tight reefer capacity coupled with high rates coming out of the South and Southeast due to a booming produce season.

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Market Update: May 24, 2018

Posted by Nate Schwandt on 5/24/18 12:06 PM

Flatbed rates remain off the charts, but the most prevalent story in the market right now is the upcoming Roadcheck, a.k.a. the annual Commercial Vehicle Safety Alliance (CVSA), that will be held in two weeks (June 5th – 7th). During this time, there will be tens of thousands of inspections performed on commercial vehicles. Historically, this disrupts the marketplace due to the lost time during inspections as well as a significantly reduced amount of open capacity as many carriers stay off of the road during the Roadcheck event.

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Market Update: May 17, 2018

Posted by Nate Schwandt on 5/17/18 8:41 AM

With produce season in full swing, we're seeing tight capacity across the board, especially out the South East. Reefer rates are on the rise due to produce while flatbed rates took a slight dip after record highs due to peak season for construction and building products.

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