In today’s Trucker Tools Market Index Report, you’ll find out which cities and regions will be hot or cold over the next five to seven day period. Our Market Index Report uses real-time load and transaction data from Trucker Tools’ broker software platforms, free carrier platform and driver app to predict where demand for trucks will highest in the coming days. Border cities, ports and regions with large food manufacturers continue to drive rates higher in locations across the country.
Trucker Tools is partnering with FreightWaves SONAR to provide you with additional insights into hot and cold markets around the country. SONAR is reporting today that the national outbound tender rejection rate remains high at approximately 26 percent. Freight volumes are shifting to the East Coast somewhat as freight moves across the country to more densely populated areas. Atlanta has been a hot spot for freight volume for the last month and remains so. Other hot spots include Joliet, Ill., Harrisburg, Pa., and Elizabeth, N.J.
Today SONAR is reporting that if you usually run Los Angeles to Dallas, you may want to target local loads in the L.A. market or target smaller market destinations in the Midwest instead, since capacity is loosening in Dallas. Outbound tender volumes are up by a whopping 70 percent week over week for Joplin, Mo., which makes it a great market in the coming days for owner operators and carriers. SONAR also is reporting that spot market rates are high for the Greensboro, S.C., to Allentown, Pa., lane.
Trucker Tools’ Market Index Reports are published every Monday, Wednesday and Friday. For more on our new Market Index, read our last Market Index Report, Truckers Tools’ Hot/Cold Markets for Carriers: Dec. 9, 2020.
To download Trucker Tools’ free app for drivers, visit https://www.truckertools.com/carriers/trucker-tools-app/.