Market Update: June 7, 2018

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

Insert commentary.

Spot Market Trends

Spot market rates are especially high this week as a result of rising fuel costs and a scarcity of trucks exacerbated by this week's International Roadcheck. According to DAT, "the national averages for both van rates and reefer rates each increased 4¢ per mile, while the national flatbed rate continued to add to its record high, climbing another 2¢ to $2.75 per mile." 

Market Update_Trendlines_6_7_18

 

West Coast Capacity Crunch

We're seeing a large capacity crunch on the West Coast, especially in and around Los Angeles. This is primarily due to a delayed produce season. Tender rejections out of the Los Angeles market rose from below 10% in early May to almost 20% as we entered June.

LA OTRI_6_7_18 

 

Topics: market update

Subscribe to Weekly Market Updates

Recent Posts