Market Update: June 27, 2018

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

Spot Market Trends

 

Market Update_Trendlines_6_27_2018

 

ELDs Appear to be Working

The FMCSA recently posted an infographic on their website showing a decrease in the percentage of driver inspections with at least one HOS violation.  The sharp decrease comes after the ELD mandate was implemented in December 2017, and further decreases after the enforcement date in April 2018.

 

elds-hoscompliance-__-720x401-a

Graph: FMCSA 

Topics: market update

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