Happy February, truckers! In today’s Trucker Tools Market Index Report, we see that demand for trucks remains elevated for this time of year across many parts of the country. Freight volumes at both East Coast and West Coast ports continue to trend up, which is impacting demand and rates on both coasts. A Nor’easter is bringing heavy snow and wind gusts to the Northeast today and tomorrow, which is likely to cause delays along I-95. High winds may impact ports on the East Coast and air freight, as well. Stay safe, everyone!
We’ve partnered with FreightWaves to provide you with additional insights into hot and cold markets in the coming week. Expect national reefer rejections rates to continue to decline this week. Despite decreasing reefer demand in many areas, demand for reefer capacity will be high for Toledo, Indianapolis, Houston, Austin, Fort Wayne and Cedar Rapids. FreightWaves also is reporting that one out of every three Knoxville to Cleveland loads is being rejected. It’s recommended that you cover this lane with higher spot market rates.
With strong demand for reefer and dry van capacity in the Houston market, FreightWaves’ Daily Outlook advises drivers and carriers who normally run Dallas to Houston to shift their trucks from the Dallas market to Houston. If you do run out of Houston, consider taking loads into Toledo, Indianapolis or Fort Wayne, where demand for reefer also is high. For Elizabeth to Dallas, it’s recommended that you stay firm on your rates and if outbound rejections continue to rise for this lane, consider increasing your rates in the coming week.
For more on which markets will be hot and cold in the coming week, read Trucker Tools’ previous Market Index Report, Jacksonville, San Francisco, Wilmington and Grand Junction Hot Markets for Truckers in the Next Five to Seven Days. To download Trucker Tools’ free driver app, visit https://www.truckertools.com/carriers/.