Happy Wednesday, y’all, and welcome to your mid-week edition of “Where’s the Freight?,” Trucker Tools’ free freight market report for carriers and drivers. In this and every edition of “Where’s the Freight?” you’ll discover where demand and rates for flatbed, reefer, power only and dry van truckload capacity will be highest and lowest over the next five to seven day period.
In the coming week, several reefer markets are expected to see a decline in demand and rates, including Flagstaff, Ariz., Pittsburgh and Billings, Mont. On the flipside, demand for reefer capacity will remain strong this week to/from Tucson, Ariz. If you run dry van, you’ll want to avoid loads inbound to and outbound from Calgary, Alberta, over the next week, as demand there will be extremely low. Once again, the Texarkana, Texas, flatbed market claims the number one spot in today’s Top Five Hottest Markets list, while Philadelphia is projected to see high demand for power only capacity in the coming week.
Read on to find out where else demand and rates will be highest and lowest this week in this Wednesday edition of Trucker Tools’ “Where’s the Freight?”
Where Freight Demand and Rates Are Likely To Be High or Rising
- Flatbed demand and rates for Texarkana, Texas, Rapid City, S.D., and Regina, Saskatchewan, will remain high this coming week.
- Reefer demand and rates for Tucson, Ariz., will remain high over the next five to seven day period. Reefer demand is expected to increase this week for Tucson, Ariz., Corpus Christi, Texas, and Dodge City, Kan.
- Power only demand and rates to/from Philadelphia will be relatively high in the coming week. You can expect power only demand to rise this week for Salt Lake City.
- Dry van demand and rates inbound to and outbound fromGary, Ind., are likely to increase over the next week.
Where Freight Demand and Rates Are Likely To Be Low or Falling
- Reefer demand and rates for Billings, Mont., Flagstaff, Ariz., Minot, N.D., and Pittsburgh are projected to be low in the next week. Reefer demand to/from Texarkana, Texas, is likely to decline over the next five to seven days.
- Power only demand and rates inbound to and outbound from El Paso, Texas, are expected to decline over the next week.
- Dry van demand and rates inbound to and outbound from Calgary, Alberta, will remain extremely low in the coming week.
Trucker Tools’ Market Insights and Industry News
- The five most profitable markets for owner ops and carriers this week likely will be: 1. Texarkana, Texas (flatbed), 2. Tucson, Ariz. (reefer), 3. Rapid City, S.D. (flatbed), 4. Philadelphia (power only), and 5. Regina, Saskatchewan (flatbed).
- The five least profitable markets for owner ops and carriers this week likely will be: 1. Calgary, Alberta (dry van), 2. Billings, Mont. (reefer), 3. Flagstaff, Ariz. (reefer), 4. Minot, N.D. (flatbed), and 5. Pittsburgh (reefer).
- The inbound Texarkana, Texas, flatbed market will favor owner operators and carriers by more than three to one this week.
- This week, demand for power only capacity inbound to and outbound from Philadelphia is projected to be seven times higher than it was during the same week in 2021.
- In the coming week, the Minot, N.D., reefer market will favor shippers by nearly three to one.
- According to yesterday’s Daily Market Update from FreightWaves, national outbound tender volumes are up slightly, while national outbound tender rejections are down.
- U.S. industrial warehouse vacancy hit a 27-year low in the first quarter of 2022, according to a report released yesterday.
- April’s heavy-duty OE supplier prices increased by 11 percent from March, driven by labor shortages, ever-rising fuel costs and inflation.
Read the Monday edition of our free freight market report, “Where’s the Freight? Texarkana, Tucson, Regina, Rapid City and Corpus Christi Best Freight Markets for Owner Ops and Carriers This Week.”
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