Welcome to the latest edition of “Where’s the Freight?,” Trucker Tools’ free freight forecast for fleets and drivers. The insights that you see in this and every edition of “Where’s the Freight?” are based on real-world transactions and data from Trucker Tools’ broker, driver and carrier software platforms. With this data, we can predict where demand and rates for flatbed, reefer, power only and dry van capacity will be high and low across the United States and Canada over the next five to seven day period.
This week, you can expect demand and rates to be relatively robust in manufacturing and distribution markets across the U.S. Midwest, Southwest and Northeast and Canadian Prairie Provinces. Once again, the Fort Wayne, Ind., power only market claims the number one spot in today’s Top Five Hottest Markets list. The region is home to several manufacturers, including GM, BFGoodrich and Steel Dynamics, Inc. This week, you also can expect demand for reefer capacity to be relatively high to/from Tucson, Ariz., and Winnipeg, Manitoba, while Rapid City, S.D., will see elevated demand for flatbed capacity.
To find out where else demand and rates are likely to be highest and lowest in the coming week, check out the rest of this Monday edition of “Where’s the Freight?” below.
Where Freight Demand/Rates Are Likely To Be High or Rising This Week
- Flatbed demand and rates for Rapid City, S.D., will be relatively high. Flatbed demand to/from Texarkana, Texas, Lexington, Ky., and Flagstaff, Ariz., is projected to increase.
- Reefer demand and rates to/from Tucson, Ariz., and Winnipeg, Manitoba, will be elevated. Reefer demand for Dodge City, Kan., is likely to rise.
- Power only demand and rates for Fort Wayne, Ind., and Springfield, Mass., are expected to be high.
- Dry van demand and rates for Gary, Ind., are expected to increase.
Where Freight Demand/Rates Are Likely To Be Low or Falling This Week
- Flatbed demand and rates for Brooklyn, N.Y., are projected to be extremely low.
- Reefer demand and rates for Pittsburgh likely will be very low.
- Power only demand and rates for Las Vegas are expected to be low. Power only demand to/from Jonesboro, Ark., and Toledo, Ohio, is expected to decline.
- Dry van demand and rates for Calgary, Alberta, and Saskatoon, Saskatchewan, will be extremely low.
Trucker Tools’ Market Insights and Industry News
- In the coming week, the five most profitable freight markets likely will be: 1. Fort Wayne, Ind. (power only), 2. Tucson, Ariz., (reefer), 3. Springfield, Mass. (power only), 4. Rapid City, S.D. (flatbed), and Winnipeg, Manitoba (reefer).
- The five least profitable freight markets likely will be: 1. Calgary, Alberta (dry van), 2. Saskatoon, Saskatchewan (dry van), 3. Las Vegas (power only), 4. Pittsburgh (reefer), and 5. Brooklyn, N.Y. (flatbed).
- According to today’s Daily Market Update from FreightWaves, national outbound tender rejections remain unchanged, while national freight volumes are down.
- Demand for dry van capacity to/from Gary, Ind., this week is projected to be twice as high as it was during the same week last year.
- Thanks to high diesel fuel prices, fuel now accounts for approximately 30 percent of trucker/carrier expenses, a six percent increase compared with previous years.
- This week, the outbound Pittsburgh reefer market is expected to favor shippers by nearly 10 to one.
If you missed the Friday edition of our free freight forecast, read it here: “Where’s the Freight? Fort Wayne, Tucson, Texarkana, Dodge City and Rapid City Most Profitable Markets for Fleets and Drivers in Coming Week.”
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