Happy Wednesday and welcome to a brand new edition of “Where’s the Freight?,” Trucker Tools’ bi-weekly freight forecast for fleets and drivers.
According to the latest capacity and load data from our technology platforms, the New Castle, Del., power only market will be the hottest freight market across the United States and Canada over the next five to seven days. In case you’re wondering, New Castle, Del., is a distribution point for consumer goods, building materials, industrial machinery, aviation parts and medical supply products manufactured in nearby Wilmington, Del. It’s also adjacent to the Port of Wilmington, a major Mid-Atlantic import/export gateway, which is likely why it’s number one in today’s Top Five Hottest Markets list.
To find out what else you can expect from U.S. and Canadian freight markets this week, check out the rest of this new edition of “Where’s the Freight?” below.
Where Demand/Rates Will Be Highest or Rising This Week
- Flatbed demand and rates for Dodge City, Kan., and Texarkana, Texas, will be high. Demand for flatbed capacity to/from Texarkana, Texas, and Calgary, Alberta, is projected to increase.
- Reefer demand and rates for Texarkana, Texas, will remain high. Demand for reefer capacity inbound to and outbound from Tucson, Ariz., and Dodge City, Kan., is likely to rise.
- Power only demand and rates for New Castle, Del., and Fort Wayne, Ind., will be elevated. Power only demand to/from Boston is expected to increase.
Where Freight Demand/Rates Will Be Lowest or Falling This Week
- Flatbed demand and rates for Brooklyn, N.Y., will be very low.
- Reefer demand and rates for Montreal, Quebec, and Pittsburgh are projected to be very low.
- Power only demand and rates for Little Rock, Ark., are expected to be extremely low. Power only demand to/from Richmond, Va., St. Cloud, Minn., and Bloomington, Ill., is projected to decline.
- Dry van demand and rates for Calgary, Alberta, will remain very low.
Trucker Tools’ Market Insights and Industry News
- Five Hottest Markets this week: 1. New Castle, Del. (power only), 2. Dodge City, Kan. (flatbed), 3. Texarkana, Texas (reefer), 4. Texarkana, Texas (flatbed), and 5. Fort Wayne, Ind. (power only).
- Five Coldest Markets this week: 1. Little Rock, Ark. (power only), 2. Calgary, Alberta (dry van), 3. Brooklyn, N.Y. (flatbed), 4. Montreal, Quebec (reefer), and 5. Pittsburgh (reefer).
- Market To Watch: This week, the Fort Wayne, Ind., power only market will favor owner operators and carriers by three to one, i.e. there should be three loads available to every flatbed headed into and out of the region.
- In the coming week, the Texarkana, Texas, flatbed market is expected to see a 40 percent increase in demand.
- According to yesterday’s SONAR Sightings from FreightWaves, the outbound tender volume index for Bowling Green, Ky., has risen 35 percent since Aug. 12.
- This week is Brake Safety Week across North America, with brake hose/tube chasing violations data to be collected by inspectors and submitted to the C.V.S.A.
Be sure to read our previous market report, “Where’s the Freight? Texarkana, Jonesboro, Rapid City and Dodge City Top Freight Markets in Coming Week.”
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