Welcome to the newest edition of Where’s the Freight?,” Trucker Tools’ free market report for carriers and owner operators. All of us at Trucker Tools hope you had a great Thanksgiving holiday with your family and friends and got some much needed R&R.
As expected, demand for truck capacity declined last week due to the Thanksgiving holiday but is expected to rebound quickly this week with Christmas less than four weeks away. If you run flatbed, you’ll want to make loads to/from Rapid City, S.D., a priority this week, as demand for flatbed is projected to be extremely high, while Duluth, Minn., will be the coldest flatbed market in North America this week. On the reefer side, Dodge City, Kan., and Edmonton, Alberta, will continue to be hot spots in the coming week. For those of you running power only, you’ll want to avoid loads to/from Brooklyn, N.Y., and Syracuse, N.Y., this week, since demand and rates are likely to be extremely low.
Read on to discover where else freight demand and rates will be highest, lowest, rising and falling in this Monday edition of Trucker Tools’ “Where’s the Freight?”
Where Demand and Rates Are Likely To Be High or Rising
- Rapid City, S.D., and Montreal, Quebec, are projected to be the highest demand/highest rate flatbed markets in North America in the coming week. Flatbed demand is likely to increase this week for Southwestern Ontario, Lexington, Ky., and Minot, N.D.
- Edmonton, Alberta, once again will be the most profitable reefer market in North America over the next five to seven day period. Look for reefer demand to rise this week for Dodge City, Kan.
- Fort Wayne, Ind., and Mobile, Ala., will be the highest demand/rate power only markets in the coming week. Power only demand is projected to increase this week for Tallahassee, Fla.
Where Demand and Rates Are Likely To Be Low or Falling
- Duluth, Minn., will be a cold spot (low demand, low rates) for flatbed capacity in the coming week. You also can expect flatbed demand and rates to decline this week for Grand Junction, Colo.
- Hartford, Conn., and Tallahassee, Fla., are expected to be the lowest demand and lowest rate reefer markets in North America over the next week.
- Brooklyn, N.Y., and Syracuse, N.Y., are expected to see extremely low demand for power only capacity over the next five to seven days.
- Demand for dry van capacity to/from Northern Ontario is projected to decline this week.
Trucker Tools’ Market Insights
- The latest Trucker Tools’ data indicates that the five highest demand markets for truckers and carriers this week will be: 1. Rapid City, S.D. (flatbed), 2. Edmonton, Alberta (reefer), 3. Fort Wayne, Ind. (power only), 4. Montreal, Quebec (flatbed), and 5. Mobile, Ala. (power only).
- This week, the five lowest demand markets for truckers and carriers will be: 1. Hartford, Conn. (reefer), 2. Brooklyn, N.Y. (power only), 3. Duluth, Minn. (flatbed), 4. Syracuse, N.Y. (power only), and 5. Tallahassee, Fla. (reefer).
- Demand for flatbed capacity to/from Rapid City, S.D., this week will be eight times higher than it was during the same week in 2020.
- Rapid City, S.D., is a regional trade center for farm and ranch businesses in South Dakota and parts of Nebraska, Wyoming and Montana.
- In the coming week, the Tallahassee, Fla., reefer market is projected to favor shippers by a ratio of two to one, meaning that there will be twice as many reefer trailers than reefer loads headed into and out of the area.
- Reefer and dry van rates hit new highs the week of Nov. 14 in the lead up to Thanksgiving week.
- According to data released by ACT Research, the average price tag on used trucks purchased in October of 2021 was 67 percent higher than it was in October of 2020.
For more market insights, read last week’s edition of our free freight forecast, Where’s the Freight? Reno, Rapid City, Edmonton, Dodge City and Mobile Best Markets for Truckers and Carriers.