Happy Friday, y’all, and welcome to your end of week edition of Where’s the Freight?,” Trucker Tools’ free market report for fleets and drivers. Inflation that began in 2020 and high fuel costs as a result of the Ukraine war are slowing down the consumer market considerably. Still, some markets will see high demand for specific types of capacity over the next week. Texarkana, Texas, claims the top spot in today’s Top Five Hottest Markets, with demand this week expected to be more than two times higher than it was during the same week last year. In the coming week, you also can expect reefer demand/rates for Dodge City, Kan., to increase, while dry van demand/rates for Gary, Ind., likely will be relatively high. If power only is your jam, keep an eye on loads to/from Fort Wayne, Ind., this week, as demand for power only capacity is projected to increase.

For more on the hottest and coldest freight markets across the United States and Canada, check out the rest of this Friday edition of “Where’s the Freight?” below.

Where Freight Demand and Rates Are Likely To Be High or Rising

  • Flatbed demand and rates for Texarkana, Texas, Regina, Saskatchewan, and Rapid City, S.D., are projected to be high over the coming week. Flatbed demand for Ithaca, N.Y., is expected to increase this week.
  • Reefer demand and rates for Dodge City, Kan., will remain relatively high over the next five to seven day period. You also can expect reefer demand to rise this week for Dodge City, Kan., Grand Junction, Colo., and Ithaca, N.Y.
  • Power only demand and rates for Fort Wayne, Ind., are projected to rise this week.
  • Dry van demand and rates inbound to and outbound from Gary, Ind., will be relatively high over the coming week.

Where Freight Demand and Rates Are Likely To Be Low or Falling

  • Flatbed demand and rates for Brooklyn, N.Y., Tucson, Ariz., El Paso, Texas, and Rochester, N.Y., likely will be extremely low this week.
  • Power only demand and rates inbound to and outbound from Brooklyn, N.Y., are expected to be extremely low over the next five to seven days. Power only demand for Stockton, Calif., is projected to decline in the coming week.
  • Dry van demand and rates inbound to and outbound from Rapid City, S.D., are likely to decrease this week.

Trucker Tools’ Market Insights and Industry News

  • The five highest demand/rate markets for truckers and carriers this week likely will be: 1. Texarkana, Texas (flatbed), 2. Dodge City, Kan. (reefer), 3. Regina, Saskatchewan (flatbed), 4. Rapid City, S.D. (flatbed) and 5. Gary, Ind., (dry van).
  • The five lowest demand/rate markets for truckers and carriers this week likely will be: 1. Brooklyn, N.Y. (power only), 2. Brooklyn, N.Y. (flatbed), 3. Tucson, Ariz. (flatbed), 4. El Paso, Texas (flatbed) and 5. Rochester, N.Y. (flatbed).
  • Over the next five to seven day period, the Texarkana, Texas, flatbed market will favor carriers and owner operators by two to one.
  • Today’s Daily Market Update from FreightWaves indicates that national outbound tender rejections and freight volumes are down slightly.
  • The USDA’s newest Specialty Crops National Truck Rate Report finds that there are capacity shortages in Central and Southern Florida, as well as in Eastern North Carolina.
  • Maintenance, insurance and fuel costs for most carriers have increased by as much as $0.38 per mile during the pandemic, while driver pay and equipment purchases/financing have nearly doubled most carriers’ operating costs. 

For more market insights, check out our previous freight forecast, “Where’s the Freight? Texarkana, Dodge City, Tucson, Fort Wayne and New Castle Top Markets for Fleets and Owner Ops This Week.”

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