Happy Friday y’all, and welcome to your end-of-week edition of “Where’s the Freight?,” Trucker Tools’ free freight forecast for owner operators and carriers. In this and every edition of “Where’s the Freight?,” you’ll find out where demand for capacity will be high and low over the next five to seven days in freight markets across the United States and Canada.
This week projections show that the Gary, Ind., dry van market will be the highest demand and highest rate freight market in North America. In recent years, the city has become home to several trucking and logistics companies due to its proximity to major highways. If you run reefer, you can expect demand to increase this week in one key Colorado market, while demand for reefer capacity is projected to be extremely low for one Montana market. Ongoing congestion at the Port of Savannah likely will drive power only demand in two major Georgia markets over the next five to seven days. You also can expect demand for flatbed capacity to and from Texarkana, Texas, to remain elevated in the coming week.
Read on to discover where else demand and rates are likely to be high and low this week in this Friday edition of “Where’s the Freight?”
Where Demand for Capacity Will Be High or Rising
- Texarkana, Texas, and Southwestern Ontario will be the highest demand flatbed markets over the next five to seven days.
- This week Edmonton, Alberta, will be the highest demand/highest rate reefer market in North America. Reefer demand is projected to rise this week for Edmonton, Alberta, Spokane, Wash., and Grand Junction, Colo.
- You may want to prioritize loads to/from Savannah, Ga., this week if you run power only, as it’s projected to be the highest demand power only market in the country. You also can expect power only demand for Macon, Ga., to increase in the coming week.
- Gary, Ind., will be the highest demand dry van market in North America this week.
Where Demand for Capacity Will Be Low or Falling
- You can expect low demand for flatbed capacity for Edmonton, Alberta, and El Paso, Texas, this week.
- Demand for reefer capacity for Billings, Mont., and Hartford, Conn., will be extremely low over the next five to seven day period. Reefer demand is projected to decrease this week for Vancouver, British Columbia.
- In the coming week, Brooklyn, N.Y., likely will be the lowest demand and lowest rate power only market in North America. Look for power only demand/rates to decline this week inbound to and outbound from Stockton, Calif., and Pittsburgh, Pa.
Trucker Tools’ Market Insights
- According to Trucker Tools’ data, the five highest demand/highest rate freight markets this week will be: 1. Gary, Ind. (dry van), 2. Edmonton, Alberta (reefer), 3. Texarkana, Texas (flatbed), 4. Savannah, Ga. (power only), and 5. Southwestern Ontario (flatbed).
- The five lowest demand/lowest rate freight markets will be: 1. Hartford, Conn. (reefer), 2. Edmonton, Alberta (flatbed), 3. Brooklyn, N.Y. (power only), 4. Billings, Mont. (reefer), and 5. El Paso, Texas (flatbed).
- Last week, 24 container ships were waiting outside the Port of Savannah, which is likely driving power only demand in the area.
- Today’s Daily Market Update from FreightWaves indicates that national outbound tender rejections are down, while volumes are up slightly.
- The U.S.D.A.’s most recent Specialty Crops National Truck Rate Report shows capacity shortages in the following areas: South District California, San Luis Valley Colorado, Upper Valley and Twin Falls-Burley District Idaho, Southwestern Indiana and Southeastern Illinois, Eastern North Carolina, Columbia Basin Washington, Yakima Valley and Wenatchee District Washington, and Central Wisconsin.
- This week demand for dry van capacity inbound to Gary, Ind., will favor owner operators and carriers by more than two to one, meaning for each dry van trailer going into the region, it’s likely that there will be two loads available.
- Torrential rains are expected across the Southeastern United States today with flash flooding likely. Several areas in the region have had 12 inches of rain fall in the last week alone.
- Demand for dry van capacity to/from Gary, Ind., is projected to be six times higher this week than it was during the same week last year.
For more insights into where demand will be high and low, check out the previous edition of our free freight forecast, Where’s the Freight? Texarkana, Medford, Gary, Edmonton and Southwestern Ontario Will Be Highest Demand Markets in Coming Week. To download the Trucker Tools app, visit https://www.truckertools.com/carriers/.
