Welcome to a special Tuesday edition of “Where’s the Freight?,” Trucker Tools’ free freight forecast that projects where demand for capacity and rates is likely to be highest and lowest in the coming week.
More than a week has passed since Hurricane Ida hit the Gulf Coast and the Eastern United States. The flooding and damage caused by the storm will cost an estimated $95 billion and no doubt will continue to affect demand and rates in the areas hit by the storm. In today’s edition of “Where’s the Freight?,” you’ll notice that power only demand is projected to increase in several regions impacted by or nearby the hurricane’s path, including markets in Florida, Arkansas, Alabama and Delaware. Also notable in today’s freight forecast is that Texarkana, Texas, appears twice in today’s Top Five Hottest Markets list, while the Pendleton, Ore., power only market likely will be the lowest demand market in North America this week.
To find out what else you can expect from freight markets across the United States and Canada this week, scroll down to read today’s edition of Trucker Tools’ “Where’s the Freight?”
Where Demand for Capacity Will Be High
- Southwestern Ontario and Texarkana, Texas, will continue to be the highest demand/highest rate flatbed markets in North America this week.
- Texarkana, Texas, also is expected to be the highest demand/top rate reefer market in the coming week. You can expect demand for reefer to increase this week to/from Dodge City, Kan.
- The top power only markets this week will be Springfield, Mass., and Huntington, W. Va. Demand for power only will increase this week to/from Decatur, Ala., Tallahassee, Fla., New Castle, Del., and Jonesboro, Ark.
Where Demand for Capacity Will Be Low
- Fargo, N.D., and Yakima, Wash., will be the lowest demand flatbed markets in North America over the next five to seven days.
- You can expect demand/rates for reefer capacity inbound to and outbound from Billings, Mont., and Hartford, Conn., to be extremely low this week.
- Pendleton, Ore., will be the lowest demand power only market in the coming week. Demand for power only capacity will decline this week to/from Brooklyn, N.Y.
Trucker Tools’ Market Insights
- According to Trucker Tools’ data, these will be the five highest demand/highest rate markets for truckers this week: 1. Southwestern Ontario (flatbed), 2. Texarkana, Texas (reefer), 3. Springfield, Mass. (power only), 4. Huntington, W. Va., and 5. Texarkana, Texas (flatbed).
- The five lowest demand/lowest rate markets for truckers will be: 1. Pendleton, Ore. (power only), 2. Billings, Mont. (reefer), 3. Fargo, N.D. (flatbed), 4. Yakima, Wash. (flatbed), and 5. Hartford, Conn. (reefer).
- FreightWaves Daily Market Update shows that national outbound tender rejections and volumes are down today following Labor Day weekend.
- Demand for power only capacity inbound to and outbound from Springfield, Mass., is projected to be six times higher than it was at the same time last year.
- FTR Transportation Intelligence is predicting that 2021 spot market rates will be up by 27 percent and that contract TL rates will be up by 13 percent over 2020 rates, with rates peaking sometime in 2022.
- The Canadian province of Ontario, whose Southwestern region claims the top spot in today’s Five Hottest Markets list, is the top manufacturing province in Canada, employing half of the country’s factory workers and generating half of the nation’s production.
- Demand for reefer capacity this week to/from Texarkana, Texas, will be three times higher than it was during the same week in 2020
Be sure to check out the previous edition of Trucker Tools’ free market report, Where’s the Freight? Edmonton, Southwestern Ontario, Texarkana and Springfield Top Markets for Truckers/Carriers. To download the Trucker Tools mobile app, visit https://www.truckertools.com/carriers/.
