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June 8, 2022 | Trucker Tools

Where’s the Freight? Cape Girardeau, Portland (Maine), Portland (Ore.), Rapid City and Chicago Hottest Markets in Coming Week

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It’s Wednesday, which means it’s time for a brand new edition of “Where’s the Freight?,” Trucker Tools’ free freight market report for drivers and carriers. The insights in this and every edition of “Where’s the Freight?” are based on transactions between brokers, 3PLs, owner operators and carriers who use Trucker Tools’ technology. With this data, we can predict with accuracy where demand for specific types of capacity will be high and low over the next five to seven days.

Over the next week, demand for power only capacity will be high in several U.S. markets, including Cape Girardeau, Mo., which is number one in today’s Top Five Hottest Markets list. This city in Southeast Missouri is home to several contract manufacturers and fabricators, including Proctor and Gamble, Frito-Lay, Jam Lock Manufacturing and E.T. Moore Manufacturing. This week, you also can expect to see an increase in demand for reefer capacity to/from Tucson, Ariz., and for flatbed capacity to/from Texarkana, Texas.

Keep scrollin’ to find out where else demand and rates will be highest and lowest across the United States and Canada this week.

Where Demand and Rates Are Likely To Be High or Rising This Week

  • Flatbed demand and rates for Rapid City, S.D., will remain high. Flatbed demand to/from Texarkana, Texas, and Regina, Saskatchewan, is expected to increase.
  • Reefer demand and rates for Tucson, Ariz., are projected to rise.
  • Power only demand and rates for Cape Girardeau, Mo., Portland, Ore., Portland, Maine, and Chicago are likely to be high. Power only demand to/from Los Angeles and San Antonio is likely to increase.

Where Demand and Rates Are Likely To Be Low or Falling This Week

  • Flatbed demand and rates for Fargo, N.D will continue to be very low.
  • Reefer demand and rates for Minot, N.D., Montreal, Quebec, and Billings, Mont., are likely to be extremely low.
  • Power only demand and rates inbound to and outbound from Richmond, Va., are expected to be low. Power only demand to/from San Diego is projected to decline.

Trucker Tools’ Market Insights and Industry News

  • The five most profitable freight markets this week: 1. Cape Girardeau, Mo. (power only), 2. Portland, Ore. (power only), 3. Portland, Maine (power only), 4. Rapid City, S.D. (flatbed), and 5. Chicago (power only).
  • The five least profitable freight markets this week: 1. Minot, N.D. (reefer), 2. Montreal, Quebec (reefer), 3. Billings, Mont. (reefer), 4. Richmond, Va. (power only), and 5. Fargo, N.D. (flatbed).
  • Over the next week, the Cape Girardeau, Mo.,power only market will favor fleets and owner operators by more than two to one.
  • According to a report from FreightWaves, consumer spending habits are returning to pre-pandemic levels, which is causing a sharp decline in import volumes at U.S. ports.
  • On Monday, the average retail price for diesel hit a record high of $5.703/gallon.
  • This week, the Los Angeles power only market is expected to favor carriers and owner ops by more than four to one.

Read Monday’s freight forecast, “Where’s the Freight? Texarkana, Dodge City, Rapid City, Regina and San Diego To See High Demand This Week.”

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