Today’s Trucker Tools Market Index Report gives you insight into which locations and markets will be hot or cold over the next five to seven day period. This Market Index Report is based on real-time load and transaction data pulled from Trucker Tools’ broker software platforms, free carrier platform and driver app.
What makes our Market Index Report different from other prediction models is that it tells you where trucks will be needed in the future – not where trucks are needed today or in past years. Because Trucker Tools’ Market Index Report is future-focused, it gives you time to get into hot markets before they heat up and to get out of cold markets before demand and rates fall. Our Market Index Report helps you make informed decisions on loads and choose loads that maximize your profits.
Trucker Tools has partnered with FreightWaves SONAR to provide you with insights on hot and cold markets. SONAR reports that the national outbound tender rejection rate remains high at approximately 25 percent, slightly lower than the end of last week, which was at approximately 28 percent because of the Thanksgiving holiday. Capacity remains tight, as it has been since Labor Day, but SONAR is predicting that demand will remain relatively steady for the next one to two weeks before we hit an upswing leading into Christmas.
SONAR is reporting that Kansas City, Mo., remains one of the most volatile markets in the country.It remains hot for dry van, but rates are dropping for reefer. SONAR recommends that long-haul reefer truckers headed into the L.A. market shift their trucks to San Francisco to capitalize on demand for capacity between San Francisco and the East Coast.
Trucker Tools’ Market Index Reports are published every Monday, Wednesday and Friday. To learn more about our new market index, read our last Market Index Report, Truckers Tools’ Hot/Cold Markets for Carriers: Dec. 7, 2020. To download Trucker Tools’ free app for drivers, visit https://www.truckertools.com/carriers/.