Happy Friday, y’all, and welcome to the newest edition of “Where’s the Freight?,” Trucker Tools’ free freight forecast for fleets and owner operators. “Where’s the Freight?” uses data from Trucker Tools’ technology platforms to predict with accuracy where demand and rates for dry van, flatbed, reefer and power only truckload capacity will be high and low over the next five to seven day period. With this information in hand, you can prioritize loads into and out of regions where demand is projected to be high and avoid loads into markets where there’ll likely be few and/or low paying backhauls.
In the coming week, the Texarkana, Texas, flatbed market once again is expected to be the hottest freight market across the United States and Canada, registering number one in today’s Top Five Hottest Markets list. Texarkana, Texas, also is ranked number two in today’s Top Five (Way to go, Texarkana!) for its reefer market.
Keep reading for more insights into which freight markets will be hot and cold across the U.S. and Canada this week.
Where Freight Demand/Rates Will Be Highest or Rising This Week
- Flatbed demand and rates for Texarkana, Texas, and Montreal, Quebec, will be very high. Demand for flatbed capacity to/from Huntington, W.Va., is projected to rise.
- Reefer demand and rates for Texarkana, Texas, will be high. Demand for reefer capacity to/from Ithaca, N.Y., is likely to increase.
- Power only demand and rates for Philadelphia will remain somewhat elevated. Power only demand to/from New Castle, Del., San Antonio, and Savannah, Ga., is likely to rise.
- Dry van demand and rates for Ithaca, N.Y., are expected to be elevated.
Where Freight Demand/Rates Will Be Lowest or Falling This Week
- Flatbed demand and rates for Duluth, Minn., and Ithaca, N.Y., will be very low.
- Reefer demand and rates for Montreal, Quebec, are expected to be low. Reefer demand to/from Toronto, Ontario, is expected to decline.
- Power only demand and rates for Bloomington, Ill., and Stockton, Calif., are likely to be extremely low.
Trucker Tools’ Market Insights and Industry News
- Five Hottest Markets this week: 1. Texarkana, Texas (flatbed), 2. Texarkana, Texas (reefer), 3. Ithaca, N.Y. (dry van), 4. Philadelphia (power only), and 5. Montreal, Quebec (flatbed).
- Five Coldest Markets this week: 1. Bloomington, Ill. (power only), 2. Duluth, Minn. (flatbed), 3. Montreal, Quebec (reefer), 4. Stockton, Calif. (power only), and 5. Ithaca, N.Y. (flatbed).
- Market To Watch: Demand for reefer capacity inbound to and outbound from Ithaca, N.Y., is projected to increase significantly over the next five to seven days.
- Once again, the Texarkana, Texas, flatbed market will see extremely high demand this week, with demand expected to be nearly four times higher than it was during the same week in 2021.
- The newest Specialty Crops National Truck Rate Report from the U.S.D.A. indicates that there are capacity shortages in Delaware, Maryland, Eastern Shore Virginia, Southwestern and Southeastern Illinois, Southeastern Missouri, and Eastern North Carolina.
- Yesterday, FreightWaves SONAR Sightings reported that outbound freight volumes for Detroit are at their highest level on record since 2018, and that freight volumes for Boston and Cincinnati have increased over the last week, as well.
Be sure to check out our Wednesday freight forecast, “Where’s the Freight? Texarkana, New Castle, Philadelphia and Ithaca Top Markets for Truckers and Carriers This Week.”
To download the Trucker Tools app, visit https://www.truckertools.com/carriers-toolkit/. To start using Trucker Tools’ free carrier software platform, visit https://bookaload.truckertools.com/.
