Nate Schwandt

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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: 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

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Market Update: June 7, 2018

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

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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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Market Update: May 9, 2018

Posted by Nate Schwandt on 5/9/18 8:35 AM

Overall capacity remains tight as we head into peak produce season. Heavy hauling and construction freight prices are through the roof as flatbed demand hits a record high of 111 loads per available truck.

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Market Update: May 3, 2018

Posted by Nate Schwandt on 5/3/18 6:45 AM

Rates remain steady as April comes to a close, however overall volume is beginning to grow as we see seasonal spikes from produce and construction.

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Market Update: April 26, 2018

Posted by Nate Schwandt on 4/26/18 7:07 AM

Van and reefer rates took a slight dip this week while flatbed rates climbed to a new record high. Winter weather in the Northeast and parts of the Midwest have caused a delay in the usually booming produce season. Expect to see an increase in fuel surcharge costs as the recent spike in diesel prices have added approximately $0.10 / mile to truckload rates versus a year ago.

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