Cheyenne Flatbed, South Bend Reefer and Mobile Power Only Markets Projected To Favor Truckers and Carriers in Coming Week
It’s that time of year! Winter weather currently is impacting demand and rates across several markets in the Southeast and Midwest. Another powerful storm is expected to start today in the Pacific Northwest and hit southern states over the weekend. Today’s Trucker Tools Market Index Report shows high demand for flatbed capacity in the Plains states and several East Coast markets. In fact, our Market Index shows that the five hottest markets in the coming week all will be flatbed markets. Construction and manufacturing are driving this uptick in demand for flatbed capacity.
Where Demand Will Be High or Rising
If you’re running flatbed in the coming week, expect Cheyenne, Wyo., Rapid City, S.D., Portland, Maine, Billings, Mont., and Montgomery, Ala., to be hot markets for flatbed. Demand for flatbed capacity will be rising this week for Ithaca, N.Y.
Demand for reefer capacity will be increasing this week in and out of Tucson, Ariz., and South Bend, Ind.
Today’s Market Index shows that demand for power only will increase over the next five to seven days for Mobile, Ala.
Where Demand Will Be Low or Falling
Expect low demand for flatbed capacity in the coming week in and out of Montreal, Quebec (Canada).
Reefer demand/rates are projectedto be low over the next five to seven days for Reno, Nev., and Hartford, Conn.
Demand for van capacity in and out of Rapid City, S.D., will decline this week.
Trucker Tools’ Market Insights
Preparations have begun for the construction of a $1 billion electricity transmission corridor through the woods of Western Maine, which may explain the appearance of Portland, Maine, on our hottest flatbed markets list.
This week workers began installing hundreds of steel poles to widen the existing corridor as part of the project.
Lumber and wood manufacturing is one of Montana’s top industries, which is likely driving demand for flatbed capacity in and out of Billings, Mont.
Demand for lumber is soaring during the COVID-19 pandemic, as restaurants build outdoor seating areas and consumers who are home-bound work on DIY projects.
In August, sales of newly built homes hit their highest level in 14 years. Mortgage rates also are at record lows, which is creating high demand for new home construction.
FreightWaves SONAR Lane Insights
We’ve joined forces with FreightWaves to give you information on what to expect from some of the most popular lanes in the country. In today’s Daily Watch, FreightWaves recommends that you accepted tendered loads for Kansas City to Los Angeles, as
reload opportunities in the L.A. market are plentiful. Outbound tender volumes are up for Elizabeth, N.J., which is why you will want to stay firm or increase your rates in the coming week in the Elizabeth to Chicago lane. Yesterday’s ice storm has raised demand for trucks out of Memphis. With another storm expected to hit this region next week, that demand will likely stay elevated, which is why you should put more of your trucks on the spot market in the Memphis to Dallas lane in the next week.