In today’s Trucker Tools Market Index Report, we see capacity tightening in some Northeastern markets, while the Tucson, Ariz., reefer market continues to be one of the hottest reefer market in the country. Imports from China to the West Coast continue to surge, creating a traffic jam of container ships around Los Angeles and Long Beach, Calif., which is impacting truckload rates and demand across the nation. This bottleneck of container ships is causing congestion not only at California ports, but also at West Coast Canadian ports and some East Coast ports, as well.
Where Rates Are on the Rise
- Expect flatbed rates to increase over the
next week for Cheyenne, Wyo., Buffalo, N.Y., Southwestern Ontario (Canada), Minot,
N.D., and Gary, Ind.
- Reefer demand/rateswill be rising
in the coming week for Tucson, Ariz., and Duluth, Minn.
- The hottest markets for dry van in the
next five to seven days will be Cheyenne, Wyo., and Edmonton, Alberta (Canada).
- Chicago will be one the best markets in the
country for power only capacity in the next week.
Where Rates Are on the Decline
- On the flip side, flatbed rates are
predicted to fall over the next week in Stockton, Calif., Hartford, Conn., Brooklyn,
N.Y., Vancouver, British Columbia (Canada), and Texarkana, Texas.
- Expect power only demand andrates
to decline for Jefferson City, Mo., and Fresno, Calif.
Trucker Tools’ Market Insights
- The Tucson, Ariz., reefer market
continues to heavily favor carriers on both inbound and outbound loads.
- Demand for reefer capacity in Duluth, Minn.,
is currently twice what it was at this time last year.
- Five days ago, rail provider Union Pacific
reduced some of its peak surcharges, making intermodal a more attractive option
for container fleets on the West Coast.
- These surcharge reductions are likely driving
rates and demand down in the Stockton, Calif., as shippers opt to move
their freight by rail instead of by truck.
FreightWaves SONAR Hot Lanes for Truckers
Where Rates Are on the Decline
- On the flip side, flatbed rates are predicted to fall over the next week in Stockton, Calif., Hartford, Conn., Brooklyn, N.Y., Vancouver, British Columbia (Canada), and Texarkana, Texas.
- Expect power only demand andrates to decline for Jefferson City, Mo., and Fresno, Calif.
Trucker Tools’ Market Insights
- The Tucson, Ariz., reefer market
continues to heavily favor carriers on both inbound and outbound loads.
- Demand for reefer capacity in Duluth, Minn.,
is currently twice what it was at this time last year.
- Five days ago, rail provider Union Pacific
reduced some of its peak surcharges, making intermodal a more attractive option
for container fleets on the West Coast.
- These surcharge reductions are likely driving
rates and demand down in the Stockton, Calif., as shippers opt to move
their freight by rail instead of by truck.
FreightWaves SONAR Hot Lanes for Truckers
FreightWaves SONAR Hot Lanes for Truckers
Today’s FreightWaves Daily Watch recommends that you continue taking loads into Chicago in the Los Angeles to Chicago lane, as demand for capacity out of Chicago favors carriers and drivers. The Daily Watch also is reporting that while demand for trucks in Joplin has decreased, it’s still significantly higher than in most markets. Rates for Joplin to Atlanta will shift to favor brokers and shippers eventually, but you should stay firm on your rates at least for the next five to seven days. Allentown to Boston is a favorable market for truckers and carriers in the coming week, as well.
Check out Trucker Tools’ previous Market Index Report, Ithaca, Chicago, Brooklyn and Hartford Among Best and Worst Markets for Truckers Over the Next Week, for more insights into where rates will rise and fall in the coming week. To download Trucker Tools’ free driver app, visit https://www.truckertools.com/carriers/.
