Happy Wednesday, truckers and carriers, and welcome to your Wednesday edition of Trucker Tools’ Where’s the Freight?,” your source for finding out which markets across North America are likely to be the most and least profitable in the coming week.
In this mid-week edition of “Where’s the Freight?,” four of our five Rising Markets are power only markets, indicating just how popular power only/drop and hook trucking has become. This year, the power only sector of the trucking industry hit a 41-year high in growth. This week, you can expect to see extremely high demand and rates for flatbed capacity in one Southeastern U.S. port city, while Dodge City, Kan., will continue to be a hot spot for reefer freight. If you run dry van, you’ll want to avoid loads to/from Calgary, Alberta, and Rapid City, S.D., this week, as demand for dry van capacity is projected to be extremely low in both regions.
For more insights into where demand and rates for flatbed, reefer, power only and dry van capacity will be highest and lowest in the coming week, scroll down to read the remainder of this Wednesday edition of Trucker Tools’ “Where’s the Freight?”
Where Demand and Rates Are Likely To Be High or Rising
- You can expect high demand/rates for flatbed capacity to/from Shreveport, La., and Rapid City, S.D., this coming week. Flatbed demand is projected to rise this week for Minot, N.D.
- Dodge City, Kan., and Decatur, Ala., likely will be the most profitable reefer markets in North America over the next five to seven day period.
- San Antonio will be the highest demand/rate power only market this week. Power only demand is expected to increase this week for Mobile, Ala., Salt Lake City, Fort Wayne, Ind., and Tallahassee, Fla.
Where Demand and Rates Are Likely To Be Low or Falling
- Rochester, N.Y., is expected to see extremely low flatbed demand and rates in the coming week. Flatbed demand and rates are projected to decline this week for St. Louis.
- Hartford, Conn., and Tallahassee, Fla., will continue to be low demand and low rate markets for reefer capacity over the next five to seven days.
- Brooklyn, N.Y., likely will be the lowest demand/rate power only market in North America in the coming week.
- Demand for dry van capacity to/from Calgary, Alberta, is expected to be extremely low this week. You also can expect dry van demand to decline this week to/from Rapid City, S.D.
Trucker Tools’ Market Insights
- According to Trucker Tools’ data, the five most profitable markets for truckers and carriers this week will be: 1. Shreveport, La. (flatbed), 2. Dodge City, Kan. (reefer), 3. Rapid City, S.D. (flatbed), 4. Decatur, Ala. (reefer), and 5. San Antonio (power only).
- This week, the five least profitable markets for truckers and carriers will be: 1. Calgary, Alberta (dry van), 2. Brooklyn, N.Y. (power only), 3. Hartford, Conn. (reefer), 4. Rochester, N.Y. (flatbed), and 5. Tallahassee, Fla. (reefer).
- Demand for flatbed capacity to/from Shreveport, La., this week will be four times higher than it was during the same week in 2020.
- The inland Port of Caddo-Bossier in Shreveport, La., is one of the fastest growing ports in the United States thanks to its proximity to the city, railroads, highways, the Red River, Mississippi River, Gulf Intercoastal Waterway and Gulf of Mexico.
- The latest Daily Market Update from FreightWaves finds that national outbound tender rejections and volumes are both down slightly.
- This year’s Cyber Monday sales fell short of 2020 Cyber Monday sales due in part to shipping congestion and lack of inventory.
For even more insights into where demand and rates will be highest and lowest, be sure to check out Where’s the Freight? Rapid City, Edmonton, Fort Wayne, Montreal and Mobile Projected To Be Best Markets for Truckers and Carriers This Week.