For truckers like you, peak shipping season really is the most wonderful time of the year. It’s the season when many retailers record the bulk of their sales and when rates are often at their highest. Demand for truck capacity is even more intense than usual right now because of the COVID-19 pandemic. Many manufacturers also have ramped up their production and import volumes have increased at ports on both coasts, all of which is driving demand and rates higher and higher.
In today’s Trucker Tools Market Index Report, you’ll see which markets and lanes will be hot over the next five to seven days and where you can expect rates to cool off. Our Market Index Report helps you decide which loads to take and whether or not it’s worth it for you to go into a particular market or not.
Trucker Tools has teamed up with FreightWaves SONAR to provide you with additional insights about which markets are favorable for truckers. FreightWaves is reporting that demand for dry van remains high, reflected in a national dry van tender rejection rate of nearly 25 percent. Dry van tender rejection rates for Erie, Pa., and Augusta, Ga., are over 50 percent, while Atlanta is currently moving the largest volume of dry van cargo in the country. Look for dry van demand to stay elevated through the Christmas holiday.
If you’re running out of Dallas, consider taking one-day hauls to some of the tightest freight markets in the nation, including Little Rock, Fayetteville and Tulsa, which are showing tender rejection rates in the 40 percent or higher range. For Indianapolis to Joplin, SONAR reports that rates continue to favor truckers, but that inbound trucks are outnumbering outbound loads.
Trucker Tools’ Market Index Report is published every Monday, Wednesday and Friday. Read our last Market Index Report, Dec. 14 Market Index Report: Texarkana Flatbed and Tucson Reefer Rates Rise, Jefferson City Power-Only Trends Down for more insights.
To download Trucker Tools’ free driver app, visit https://www.truckertools.com/carriers/trucker-tools-app/.