Welcome to your mid-week edition of Trucker Tools’ “Where’s the Freight?,” a free, three-times-a-week freight forecast for owner operators and fleets. Supply chains continue to struggle to meet demand for goods as recent COVID-19 outbreaks have shutdown manufacturing facilities across China, Europe and the United States. As a result, freight rates and demand for capacity remain high in many markets across the United States and Canada.
If you run reefer, you’ll want to make Tucson, Ariz., a top priority this week, as it’s projected to be the highest demand/rate market in North America over the next five to seven days. On the other end of the spectrum, you’ll want to avoid the Hartford, Conn., reefer market in the coming week since extremely low demand and low rates are projected for the area. This week, Wichita, Kan., will remain a hot spot for power only demand and rates, and flatbed demand inbound to and outbound from Dodge City, Kan., is projected to increase.
Read on for even more insights into hot and cold freight markets in 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 Huntington, W.Va., and Texarkana, Texas, are projected to be relatively high this week. Look for flatbed demand to/from Dodge City, Kan., and Billings, Mont., to increase in the coming week.
- Reefer demand and rates inbound to and outbound from Tucson, Ariz., and Dodge City, Kan., are projected to be high over the next five to seven day period. You also can expect reefer demand to increase this week for Dodge City, Kan., and Edmonton, Alberta.
- Power only demand and rates to/from Wichita, Kan., will remain high over the next five to seven days. Power only demand to/from Stockton, Calif., is expected to rise this week.
Where Demand and Rates Are Likely To Be Low or Falling
- Flatbed demand and rates inbound to and outbound from Edmonton, Alberta, and Brooklyn, N.Y., are projected to be very low over the next week. Demand for flatbed capacity to/from Rapid City, S.D., likely will decline in the coming week.
- Reefer demand and rates to/from Hartford, Conn., are expected to remain low this week.
- Power only demand and rates to/from Brooklyn, N.Y., and Pendleton, Ore., will be extremely low over the next week. Power only demand for San Antonio and Salt Lake City is projected to fall over the next five to seven day period.
Trucker Tools’ Market Insights
- In the coming week, these are likely to be the five most profitable markets for carriers and owner operators: 1. Tucson, Ariz. (reefer), 2. Wichita, Kan., (power only), 3. Huntington, W.Va. (flatbed), 4. Texarkana, Texas (flatbed), and 5. Dodge City, Kan. (reefer).
- This week, the five least profitable markets will be: 1. Brooklyn, N.Y. (power only), 2. Edmonton, Alberta (flatbed), 3. Pendleton, Ore. (power only), 4. Hartford, Conn. (reefer), and 5. Brooklyn, N.Y. (flatbed).
- In the coming week, the inbound Tucson, Ariz., reefer market will favor truckers and carriers by more than two to one, which means there should be at least two reefer loads available for each refrigerated trailer traveling into the area.
- Today’s Daily Market Update from FreightWaves indicates that national outbound tender rejections are down, while volumes are up.
- Demand for power only capacity this week inbound to and outbound from Wichita, Kan., will be four times higher than it was during the same week last year.
- In December of 2021, the Port of Virginia in Norfolk, Va., processed 25 percent more freight volume than it did in December of 2020, making December 2021 the most productive month in the port’s history.
To learn more about how you can use “Where’s the Freight?” to maximize your profit margins, read Stay Ahead of Your Competitors with Trucker Tools’ New Market Report.