Welcome to the Monday edition of Where’s the Freight?,” Trucker Tools’ free freight forecast for trucking companies and owner operators. According to a report released last Friday from FreightWaves, inflation and its impact on consumer spending are likely responsible for declines in national outbound tender rejections and volumes over the last week. Despite these declines, this week you can expect to see relatively high demand for both reefer and flatbed capacity to and from Texarkana, Texas, which counts food processing and manufacturing among its top industries. You’ll notice that power only dominates today’s Rising Markets list, with power only demand projected to increase in five different markets in the coming week. If you run flatbed, you can expect Ithaca, N.Y., to remain relatively hot this week, while Brooklyn, N.Y., will be a cold spot for both flatbed and power only capacity over the next five to seven days.
To find out where else demand and rates are likely to be high, low, increasing and decreasing this week, scroll down to read the rest of this latest edition of “Where’s the Freight?”
Where Freight Demand and Rates Are Likely To Be High or Rising
- Flatbed demand and rates for Ithaca, N.Y., and Texarkana, Texas, will continue to be elevated in the coming week.
- Reefer demand and rates inbound to and outbound from Dodge City, Kan., Texarkana, Texas, and Tucson, Ariz., will be high over the next five to seven day period.
- Power only demand and rates for El Paso, Texas, Savannah, Ga., Omaha, Neb., Nashville, Tenn., and Chicago are projected to increase this week.
Where Freight Demand and Rates Are Likely To Be Low or Falling
- Flatbed demand and rates for Brooklyn, N.Y., El Paso, Texas, and Edmonton, Alberta, are projected to be extremely low over the next five to seven days.
- Reefer demand and rates inbound to and outbound from Billings, Mont., will remain low this week. Demand for reefer capacity to/from Edmonton, Alberta, and Medford, Ore., is projected to decrease over the next week.
- Dry van demand and rates for Huntington, W.Va., are expected to decline in the coming week.
- Power only demand and rates inbound to and outbound from Brooklyn, N.Y., will continue to be very low over the next five to seven day period. Power only demand to/from Tulsa, Okla., is likely to decline this week.
Trucker Tools’ Market Insights and Industry News
- The five highest demand/rate markets for owner operators and carriers this week likely will be: 1. Dodge City, Kan. (reefer), 2. Ithaca, N.Y. (flatbed), 3. Texarkana, Texas (reefer), 4. Texarkana, Texas (flatbed), and 5. Tucson, Ariz. (reefer).
- The five lowest demand/rate markets for owner operators and carriers this week likely will be: 1. Brooklyn, N.Y. (flatbed), 2. Brooklyn, N.Y. (power only), 3. El Paso, Texas (flatbed), 4. Edmonton, Alberta (flatbed), and 5. Billings, Mont. (reefer).
- The Ithaca, N.Y., flatbed market will be strong this week, with demand expected to be three times higher than it was during this week last year.
- Today’s Daily Market Update from FreightWaves indicates that national outbound tender rejections are down slightly, while national freight volumesare up slightly.
- The Texarkana, Texas, reefer market will favor fleets and owner ops by more than two to one in the coming week, which means there should be at least two loads available to every reefer headed into the region.
- Released last Thursday, the McCown Report found that February volumes at East/Gulf Coast ports rose 27.3 percent year over year compared to 5.9 percent growth for West Coast ports, making it the ninth straight month that East and Gulf Coast port volumes have been higher than West Coast ports.
Be sure to check out the Friday edition of our free market report, “Where’s the Freight? Ithaca, Dodge City, Texarkana, Tucson and Fort Wayne Top Markets for Fleets and Owner Operators in Coming Week.”
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