Happy Friday, truckers! Welcome to your end-of-week edition of Where’s the Freight?,” Trucker Tools’ free freight forecast for carriers and owner operators. With the insights provided in “Where’s the Freight?,” you can maximize your profit margins on loads each week by avoiding markets where demand/rates are projected to be low and targeting markets where demand/rates are expected to be high.
In today’s edition of “Where’s the Freight?,” the Mobile, Ala., power only market claims the top spot in our Top Five Hottest Markets list, projected to be the most profitable market for truckers in the coming week. The Port of Mobile is one of the fastest growing ports in the United States and a three-year, $500 million project to widen and deepen the port’s channel is likely to make it even busier in the future. With Thanksgiving less than a week away, you can expect reefer demand to surge in several areas, while two Texas markets will continue to be hot spots for flatbed. If you run dry van, keep an eye on Gary, Ind., as dry van demand and rates are projected to rise over the next five to seven days.
Read on to find out where else demand and rates will be high, low, increasing and decreasing in the coming week in this Friday edition of Trucker Tools’ “Where’s the Freight?”
Where Demand and Rates Are Likely To Be High or Rising
- Texarkana, Texas, is projected to be the highest demand (and most profitable) flatbed market in North America over the next five to seven days. Flatbed demand also is projected to rise in the coming week for Lubbock, Texas.
- This week, you can expect reefer demand to be high for Edmonton, Alberta, Tucson, Ariz., and Northern Ontario. Demand for reefer capacity to/from Dodge City, Kan., and Yakima, Wash., is likely to increase over the next five to seven day period.
- Once again, Mobile, Ala., will be the highest demand and highest rate power only market in North America this week. Demand for power only capacity to/from Toledo, Ohio, will rise in the coming week.
- Dry van demand likely will increase for Gary, Ind., this week.
Where Demand and Rates Are Likely To Be Low or Falling
- If you run flatbed, you’ll want to avoid loads to/from Central Ontario, Edmonton, Alberta, and Joplin, Mo., in the coming week, as demand and rates for flatbed are expected to be extremely low. Flatbed demand will decline this week for Minot, N.D.
- Hartford, Conn., once again is projected to be the least profitable reefer market in North America this week.
- Demand and rates for power only capacity to/from Reno, Nev., are likely to be extremely low in the coming week. You can expect power only demand to decline this week for Portland, Ore., and Fort Wayne, Ind.
Trucker Tools’ Market Insights
- According to Trucker Tools’ data, the five highest demand/highest rate markets for truckers and carriers in the coming week will be: 1. Mobile, Ala. (power only), 2. Texarkana, Texas (flatbed), 3. Edmonton, Alberta (reefer), 4. Tucson, Ariz. (reefer), and 5. Northern Ontario (reefer).
- This week, the five lowest demand/lowest rate markets for truckers and carriers will be: 1. Central Ontario (flatbed), 2. Reno, Nev. (power only), 3. Hartford, Conn. (reefer), 4. Edmonton, Alberta (flatbed), and 5. Joplin, Mo. (flatbed).
- Today’s Daily Market Update from FreightWaves finds that national outbound tender rejections are up and national outbound volumes are down only slightly.
- This week, demand for power only capacity to/from Mobile, Ala., is projected to be nine times higher than it was during the same week in 2020.
- According to a report from American Shipper, the rising number of ships at anchor in the L.A./Long Beach area is making it seem as though U.S. imports are increasing, when in fact logistics issues and gridlock at the ports are causing higher wait times for ships.
- According to an MIT scientist who has spent the last four years observing and interviewing thousands of OTR truckers, most truckers drive just six and a half of their 11 hours each day, with their remaining hours eaten up by detention.
- CargoNet is warning fleets and owner operators about an increased risk of cargo theft around the Thanksgiving holiday. Cargo thieves typically target TVs, appliances, electronics and alcohol during the holiday season.
Be sure to check out the Wednesday edition of Trucker Tools’ free market report, Where’s the Freight? Mobile, Texarkana, Tucson, Rapid City and Yakima Top Markets for Truckers and Carriers in Coming Week.
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