Nationwide demand for trucks has fallen in the last week. Demand and rates for both dry van and reefer capacity have fallen in the month of January, as well. However, demand and rates for both dry van and reefer still favor carriers and are high for this time of year. Today’s Trucker Tools Market Index Report shows that the reefer market in Tucson, Ariz., remains extremely favorable for truckers. You’ll also see in today’s report that two major freight hubs in California, Stockton and Los Angeles, are among the markets where rates and demands are projected to be low in the coming week for truckers. 

Where Rates Will Go Up

  • Flatbed rates are projected to remain elevated over the next week for Cheyenne, Wyo., Buffalo, N.Y., and Jonesboro, Ark. Flatbed demand and rates will be rising this week for South Bend, Ind., and Minot, N.D. 
  • Demand for reefer will continue to be high over the next week for Tucson, Ariz.
  • Expect rates for van capacity to rise for Cheyenne, Wyo., in the next five to seven days.
  • Macon, Ga., will be one of the best markets in the country for power only in the coming week. We’ll also see demand/rates for power only increase for Washington D.C. and Birmingham, Ala.

Where Rates Will Go Down

  • Flatbed rates will continue to be low over the next week for Stockton, Calif., and Tucson, Ariz. 
  • Reefer rates will remain low this week for Hartford, Conn., and Ithaca, N.Y.
  • You can expect power only demand/rates to decline for Los Angeles in the next week. 

Trucker Tools’ Market Insights

  • Demand and rates for reefer capacity coming into and out of Tucson, Ariz., continue to favor carriers by a ratio of 2:1.
  • In January, demand for flatbed capacity in and out of Cheyenne, Wyo., has been approximately two to four times higher than what it was at the same time last year.
  • Numerous contract manufacturers, including several in the aerospace and defense industries, are located in Macon, Ga., which may be responsible for increased demand for power only capacity in the region.

FreightWaves SONAR Market Insights

Trucker Tools has partnered with FreightWaves to give you additional insights into market trends across the country in the coming week. Today’s FreightWaves SONAR Daily Watch looks at the effects that the upcoming Chinese New Year, COVID-19 outbreaks and the current bottleneck of container ships on the West Coast may have on freight volumes and movement this week. There are currently billions of dollars of freight on container ships off Long Beach and Los Angeles that are waiting to be unloaded. At the same time, COVID-19 outbreaks are increasing in the area, which may cause these ports to have to shut down at some point. The Chinese New Year begins on Feb. 12. In previous years, there’s a been a slowdown of Chinese imports in the two to three weeks leading up to the holiday, but whether that will happen in 2021 remains to be seen. 

To get more info on where rates will rise and fall in the coming week, read Hot Markets for Truckers and Carriers: Duluth, Chicago, Buffalo and Cheyenne. To download Trucker Tools’ free driver app, visit https://www.truckertools.com/carriers/