Welcome to your Monday edition of “Where’s the Freight?,” Trucker Tools’ free freight market report for carriers and owner operators. Our free freight forecast tells you where demand and rates will be highest and lowest in the coming week. Armed with this information in advance, you have time to move your truck(s) out of markets where demand and rates will be cooling off and into markets where demand and rates will be heating up.
This week, reefer demand will once again be elevated in several produce distribution and food production markets, including Jonesboro, Ark. Jonesboro, Ark., is home to manufacturing facilities for some of the country’s most well-known food brands, including Post Foods, Nestlé Prepared Foods and Butterball. In the coming week, you can expect demand for flatbed capacity to remain extremely low in two North Dakota markets, while one South Dakota market will continue to see high demand for flatbed. Those of you running power only will want to prioritize loads to/from New Castle, Del., and Springfield, Mass., this week, as demand is expected to be high in both markets.
Read on to discover which markets across the United States and Canada will see high and low demand for capacity this week in this latest edition of “Where’s the Freight?”
Where Demand and Rates Are Likely To Be High or Increasing This Week
- Flatbed demand and rates for Rapid City, S.D., will be elevated. Flatbed demand inbound to and outbound from Northern Ontario will likely increase.
- Reefer demand and rates for Tucson, Ariz., Jonesboro, Ark., and Dodge City, Kan., are projected to be high. Reefer demand for Winnipeg, Manitoba, is expected to increase further.
- Power only demand and rates for New Castle, Del., will be relatively high. Demand for power only capacity to/from Springfield, Mass., Fort Wayne, Ind., and Bloomington, Ill., is likely to rise.
Where Demand and Rates Are Likely To Be Low or Decreasing This Week
- Flatbed demand and rates for Fargo, N.D., Edmonton, Alberta, and Minot, N.D., are expected to be extremely low.
- Reefer demand and rates for Pittsburgh will be very low. Reefer demand inbound to and outbound from Texarkana, Texas, is likely to decrease.
- Power only demand and rates for Cedar Rapids, Iowa, are projected to be low. Demand for power only capacity to/from Las Vegas and Macon, Ga., is likely to decline.
Trucker Tools’ Market Insights and Industry News
- The five best markets for drivers and carriers this week: 1. Tucson, Ariz., (reefer), 2. Jonesboro, Ark. (reefer), 3. Dodge City, Kan. (reefer), 4. New Castle, Del. (power only), and 5. Rapid City, S.D. (flatbed).
- The five worst markets for drivers and carriers this week: 1. Fargo, N.D. (flatbed), 2. Edmonton, Alberta (flatbed), 3. Pittsburgh (reefer), 4. Minot, N.D. (flatbed), and 5. Cedar Rapids, Iowa (power only).
- This week, the Jonesboro, Ark., reefer market will favor owner ops and fleets by two to one.
- Most major retailers posted lower than expected earnings reports for Q1.
- In the coming week, the Fargo, N.D., flatbed market will favor shippers by more than two to one.
- Record-breaking fuel prices and declining spot market rates are causing some owner operators and small carrier operations to transition to company driver status, according to a report from FTR.
Read our previous market report, “Where’s the Freight? Tucson, Texarkana, Winnipeg, Dodge City and Springfield To See High Demand Over Next Week.”
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