There’s never a dull moment in the trucking industry, that’s for sure. Blizzard and high winds warnings are in effect for the Interstate 29 corridor and portions of I-90 and I-94 in the Midwest. This storm is expected to move across the Midwest and Great Lakes into the Northeast tomorrow and into Friday. This incoming storm, as well as increased volumes at ports and the Covid-19 pandemic are complicating what is already an unusual holiday peak shipping season.
Today’s Trucker Tools Market Index Report shows sustained demand for capacity of all types across the country. Keep in mind that the markets listed in today’s Coldest Markets for Drivers and Carriers are only cooling slightly, as demand for trucks remains elevated in most areas. A good example of this is the Flagstaff, Ariz., reefer market. Demand and rates for Flagstaff are expected to decrease slightly over the next week, however they will remain higher than they were at the same time last year.
Hottest Markets for Drivers and Carriers
- Today’s Trucker Tools Market Index shows that the
hottest markets for flatbed over the next week will be Ithaca, N.Y.;
South Bend, Ind.; Cheyenne, Wyo.; Jonesboro, Ark.; and Southwest, Ontario
(Canada).
- Demand and rates for reefer forTucson, Ariz., will remain high for the next
five to seven days.
- Jefferson City, Mo., and Indianapolis, Ind., will be
the hottest markets for drivers and carriers for power-only for the
coming week.
Coldest Markets for Drivers and Carriers
- Flatbed rates and demand will be falling in the next week for Calgary, Alberta (Canada); Corpus
Christi, Texas; and Washington, D.C.
- Reefer markets that will be cooling over the next five to seven daysinclude
Hartford, Conn., Flagstaff, Ariz.; and Winnipeg, Manitoba (Canada).
- Expect demand and rates for power only to
decrease in the coming week for Savannah, Ga.
- Demand for van capacity in Calgary, Alberta (Canada), will decrease slightly
over the next week.
Trucker Tools’ Market Insights
- South Bend, Ind., one of the hottest flatbed markets over the next week and new to our list of hottest flatbed markets, is home to Honeywell International’s aircraft engine and parts manufacturing, which is likely driving flatbed demand there.
- Southwest, Ontario (Canada), another new entry on our hottest flatbed markets list, employs roughly half of Canada’s manufacturing workers and is a major hub for automobile and steel manufacturing.
- Earlier today, the U.S. federal government announced that it will buy an additional 100 million doses of Pfizer’s Covid-19 vaccine, which ensures that every American can receive the vaccine in the next six months. Given the cold storage needs of Pfizer’s vaccine, reefer capacity may be impacted in the coming weeks and months.
Today’s SONAR Insights
Coldest Markets for Drivers and Carriers
- Flatbed rates and demand will be falling in the next week for Calgary, Alberta (Canada); Corpus Christi, Texas; and Washington, D.C.
- Reefer markets that will be cooling over the next five to seven daysinclude Hartford, Conn., Flagstaff, Ariz.; and Winnipeg, Manitoba (Canada).
- Expect demand and rates for power only to decrease in the coming week for Savannah, Ga.
- Demand for van capacity in Calgary, Alberta (Canada), will decrease slightly over the next week.
Trucker Tools’ Market Insights
- South Bend, Ind., one of the hottest flatbed markets over the next week and new to our list of hottest flatbed markets, is home to Honeywell International’s aircraft engine and parts manufacturing, which is likely driving flatbed demand there.
- Southwest, Ontario (Canada), another new entry on our hottest flatbed markets list, employs roughly half of Canada’s manufacturing workers and is a major hub for automobile and steel manufacturing.
- Earlier today, the U.S. federal government announced that it will buy an additional 100 million doses of Pfizer’s Covid-19 vaccine, which ensures that every American can receive the vaccine in the next six months. Given the cold storage needs of Pfizer’s vaccine, reefer capacity may be impacted in the coming weeks and months.
Today’s SONAR Insights
Today’s SONAR Insights
In today’s Daily Outlook, FreightWaves SONAR recommends that carriers and drivers target Ontario, Los Angeles, Dallas, Denver, Atlanta, Salt Lake City and Houston for long-haul freight loads over the next few days. Spot market long-haul rates and rejections are high for Little Rock, Hutchinson, Fayetteville, Joplin, Des Moines, New Orleans and Omaha. Rejection rates for Chicago to Atlanta are rising faster than the rest of the country as we head into the Christmas holiday, while rejection rates for Elizabeth to Los Angeles are hitting the 24 percent threshold.
SONAR Hottest Lanes for Drivers and Carriers
The tender rejection rate for Chicago to Atlanta is 28.8 percent, above the national average, which may be a reflection of drivers heading home for the holidays. Atlanta’s inbound tender rejection rate is 31 percent, as a result. Dry van rejection rates for Elizabeth to Los Angeles have hit 24 percent and are expected to go even higher in the next few days as most drivers go home for Christmas. SONAR also is reporting that spot rates for Ontario to Harrisburg are most profitable for long-haul loads outbound from Ontario.
Market Index Reports from Trucker Tools are published every Monday, Wednesday and Friday. For our last Market Index Report, read Hottest Markets For Truckers in the Next Week: Cheyenne and Ithaca Flatbed, Tucson and Dodge City Reefer, Twin Falls Power-Only. To download Trucker Tools’ free driver app, visit https://www.truckertools.com/carriers/.
