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.
