Happy Wednesday and welcome to the mid-week edition of “Where’s the Freight?,” Trucker Tools’ free market report for carriers and owner operators. In each and every edition of “Where’s the Freight?,” we use real-world data to tell you where demand and rates are likely to be high, low, increasing and decreasing in the coming week. In this third week of the new year, freight rates will remain elevated and continue to heavily favor carriers and owner operators. If you run flatbed, you’ll want to move Texarkana, Texas, to the top of your list this week, as it’s projected to see the highest demand in the country over the next five to seven days. You can expect demand and rates for reefer capacity to/from Tucson, Ariz., to increase in the coming week, while Wichita, Kan., will remain a hot spot for power only.
To learn where else demand and rates will be highest and lowest this 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
- Flatbed demand and rates for Texarkana, Texas, are likely to be high over the next week. Demand for flatbed capacity to/from Huntington, W.Va., is projected rise in the coming week.
- Reefer demand and rates inbound to and outbound from Dodge City, Kan., Edmonton, Alberta, and Tucson, Ariz., will be high in the next five to seven days. You can expect reefer demand to increase this week for Tucson, Ariz.
- Power only demand and rates to/from Wichita, Kan., are projected to be relatively high over the coming week. You can expect power only demand to/from Wichita, Kan., and San Antonio to increase over the next five to seven day period.
Where Demand and Rates Are Likely To Be Low or Falling
- Flatbed demand and rates inbound to and outbound from Yakima, Wash., and Brooklyn, N.Y., are expected to be very low this week. Demand for flatbed capacity to/from Ithaca, N.Y., is projected to decline in the coming week.
- Reefer demand and rates to/from Vancouver, British Columbia, and Hartford, Conn., will continue to be very low. Reefer demand inbound to and outbound from Ithaca, N.Y., likely will decrease in the coming week.
- Power only demand and rates for Brooklyn, N.Y., are projected to be extremely low in the next week.
Trucker Tools’ Market Insights and Industry News
- These are likely to be the five most profitable markets for owner operators and carriers this week: 1. Texarkana, Texas (flatbed), 2. Dodge City, Kan. (reefer), 3. Edmonton, Alberta (reefer), 4. Tucson, Ariz. (reefer), and 5. Wichita, Kan., (power only).
- Over the next week, the five least profitable markets likely will be: 1. Vancouver, British Columbia (reefer), 2. Yakima, Wash. (flatbed), 3. Hartford, Conn. (reefer), 4. Brooklyn, N.Y. (flatbed), and 5. Brooklyn, N.Y. (power only).
- This week, the Texarkana, Texas, flatbed market will favor owner operators and trucking companies by a ratio of two to one, meaning for each flatbed traveling into and out of the region, there likely will be two loads available.
- According to J.D. Power Valuation Services, auction prices for used tractors increased by 96 percent in 2021.
- Demand for reefer capacity to/from Dodge City, Kan., this week will be three times higher than it was during this week last year.
- Data released on Monday finds that the national average price of diesel fuel increased for the second week in a row.
For more information on hot and cold markets, read the previous edition of our free freight forecast, Where’s the Freight? Tucson, Wichita, Billings, Edmonton and Southwestern Ontario Best Markets for Owner Ops and Fleets This Week.