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.

Read More

Topics: market update

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.

Read More

Topics: market update

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.

Read More

Topics: market update

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.

Read More

Topics: market update

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.

Read More

Topics: market update

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.

Read More

Topics: market update

Market Update: April 18, 2018

Posted by Nate Schwandt on 4/18/18 7:24 AM

The van load-to-truck ratio fell 11% last week to 6.6 loads per truck. This dip is consistent with seasonal trends, however capacity remains at historically low levels. Cass reported in March that their TL Linehaul Index has not only been positive now for twelve months in a row, but pricing for trucking continues to gain momentum.

Read More

Topics: market update

Market Update: April 11, 2018

Posted by Nate Schwandt on 4/11/18 2:53 PM

Spot market rates remain high as we enter April. Rates typically rise as we enter April and spring produce and home improvement seasons, but average spot rates remain 30 to 40 cents per mile higher than 2017. Truckload capacity continues to tighten, likely exacerbated by the first week of trucks being taken off the road for Electronic Logging Devices noncompliance violations.

Read More

Topics: market update

Market Update: April 4, 2018

Posted by Nate Schwandt on 4/4/18 12:26 PM

Capacity remains tight in certain markets such as Georgia and South Texas. Most recent reports still show capacity remaining tight relative to demand for the foreseeable future. The driver pool continues to shrink due to more favorable employment alternatives.

Read More

Topics: market update

Market Update: March 29, 2018

Posted by Nate Schwandt on 3/29/18 8:54 AM

Analysts project that the gap between 2017 and 2018 spot rates will narrow in the third and fourth quarters.  This does not signify a reduction for this year as much as it shows when rates began to skyrocket last year.  Continued tight capacity also means unanticipated network disruptions like major weather events won’t be easily absorbed.

Read More

Topics: market update

Subscribe to Weekly Market Updates

Recent Posts