Nationwide reefer tender rejection rates went up slightly
last week, as did reefer freight volumes. This reflects high demand and per
mile rates for reefer capacity across many parts of the country. On the other
side of the coin, dry van spot rates are trending down this week, which is as expected
at this time of year.
In today’s Trucker Tools Market Index Report, we see that demand
for capacity will remain elevated in several regions of the Midwest and Great
Plains. Rates are on the decline for many markets on the West Coast. A bottleneck
of container ships on the West Coast is driving some shippers to reroute their
ships to other ports, which will likely impact East Coast and Gulf Coast
markets in the coming weeks.
Where Rates Will Be Going Up
Expect favorable flatbed rates over the
next week for Cheyenne, Wyo., Southwestern Ontario (Canada), and Gary, Ind.
Reefer demand/rateswill be
increasing in the coming week for Tucson, Ariz., Grand Junction, Colo., and Montreal.
Cheyenne, Wyo., and Ithaca, N.Y., will be hot
markets for dry van the next five to seven days.
Today’s Market Index shows Jacksonville, Fla.,
and Chicago will be two of the hottest markets in the country for power only capacity.
Where Rates Will Be Going Down
Flatbed rates are predicted to decrease over
the next week for Vancouver, British Columbia (Canada), Stockton, Calif.,
Brooklyn, N.Y., Hartford, Conn., and Rapid City, S.D.
You can expect power only rates for Jefferson
City, Mo., Wilmington, N.C., and Phoenix, Ariz., also to fall in the coming
week.
Trucker Tools’ Market Insights
Seasonal produce imports from Mexico and Central
America are what’s behind the sustained demand for reefer capacity in and out
of Tucson, Ariz.
Both inbound and outbound reefer rates forTucson, Ariz., will heavily favor drivers and carriers in the next five to
seven days.
In the coming week, Montreal reefer rates will
be more than double what they were at this time last year.
Hartford, Conn., continues to be one of
the worst flatbed markets in the country for carriers and drivers.
Connecticut’s manufacturing workforce decreased
by four percent in 2020 due to the pandemic, which may be impacting manufacturing
volumes and demand for flatbed capacity in the area.
FreightWaves SONAR Insights
Trucker Tools has joined forces with FreightWaves to give you even more information on which markets are heating up and which markets are cooling off. Today FreightWaves’ Daily Market Update reports demand for capacity is rising in Charlotte, N.C., Ontario, Calif., Los Angeles, Elizabeth, N.J., and Indianapolis. Outbound tender rejections, which measures demand, are falling in Lakeland, Fla., Stockton, Calif., Columbus, Ohio, Detroit and Chattanooga, Tenn. Freight volumes are up in Dallas, while volumes are down in Houston, Kansas City, Mo., Ft. Worth, Texas, Harrisburg, Pa., and Lakeland, Fla.
