Knowing in advance where rates will be high over the next week can help you get your truck(s) into hot markets to capitalize on demand. That’s true whether you’re an owner operator or a trucking company. Trucker Tools’ Market Index Report does just that. Using the data from our broker software platforms and digital tools for drivers and carriers, we can accurately predict where you should go for the highest rates and demand and which markets you might want to avoid going into. In today’s Trucker Tools’ Market Index Report, you’ll see which markets will be hot or cold over the next five to seven days. You’ll also find out where rates and demand will be trending up or down in the next week.
Trucker Tools is partnering with FreightWaves SONAR to give you even more information on hot and cold markets around the United States. In today’s SONAR Daily Watch, we see that heavy import volumes continue to come into West Coast ports. The bulk of that freight is coming from China and other East Asian countries into the Port of Los Angeles and will likely impact rates and demand into January.
Inbound freight volumes are high for the key distribution markets of Dallas, Chicago, Harrisburg, Indianapolis, Houston and Atlanta. SONAR also is reporting that dry van and reefer rates went down last week due to the Thanksgiving holiday the week before, but they likely won’t stay there. The national outbound tender rejection rate remains high at approximately 25 percent. As unemployment increases and a relief bill stalls in Congress, consumer demand may decrease significantly after the holidays.
Spot market reefer outbound rejection rates for Chicago to Indianapolis are at 36 percent, making it a hot market for drivers and carriers. SONAR also is reporting that spot market rates for Cleveland to Dallas remain strong, but may be loosening in the near future.
A new Trucker Tools’ Market Index Report is published every Monday, Wednesday and Friday. To learn more about our new Market Index, read our last Market Index Report, Truckers Tools’ Best Markets for Truckers: Dec. 11, 2020, Edition. To download Trucker Tools’ free app for drivers, visit https://www.truckertools.com/carriers/.