Welcome to Trucker Tools’ Market Index Reports! This is the first edition of our new market index report that tells you which locations and markets will be hot or cold for truckers and carriers over the next five to seven days. All of us at Trucker Tools are excited about our new market index because of what it offers owner operators and carriers like you: the ability to move your truck into and out of specific regions to capitalize on high demand and high rates.
This kind of detailed information typically is only available to mega carriers and big brokers. Trucker Tools’ new market index levels the playing field, giving you the insights to maximize your earnings and to be in the right place at the right time. The Trucker Tools Market Index uses the real-time data from our broker software platforms, free carrier platform and driver app to give you accurate predictions on where truck capacity will be needed in the future.
Trucker Tools also is partnering with FreightWaves SONAR to provide you with SONAR-based insights on hot and cold markets. Today, SONAR reported that the national outbound tender rejection rate remains high at 25.39 percent, which means one in four loads is being turned down by drivers/carriers. Overall, the freight market continues to favor carriers.
SONAR is reporting that the Kansas City to Fort Worth lane remains hot. Pricing favors drivers and carriers and this market will likely get hotter over the next few weeks. Spot market rates for Los Angeles to Phoenix continue to favor carriers and drivers, as well.
Trucker Tools’ Market Index Reports are published every Monday, Wednesday and Friday.
To learn more about our new market index, read Stay Ahead of Your Competitors with Trucker Tools’ New Market Report.
To download Trucker Tools’ free app for drivers, visit https://www.truckertools.com/carriers/trucker-tools-app/.