Where’s the Freight? Yakima, Dodge City, Southwestern Ontario, Tucson and Huntington Most Profitable Markets in Coming Week
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Happy Friday, all, and welcome to your end of week edition of Where’s the Freight?,” Trucker Tools’ free market report for owner ops and trucking companies. According to a recent report from FreightWaves, national tender rejection rates that measure demand indicate that dry van capacity is loosening, particularly in larger markets such as Dallas and Memphis. In today’s market report, you’ll notice that flatbed and reefer markets dominate our Top Five Hottest Markets list, with the Yakima, Wash., flatbed market projected to be the top market for owner operators and carriers in the coming week. This week, you can expect demand for reefer capacity to increase for Dodge City, Kan., and for the Rapid City, S.D., flatbed market to see a rise in demand, as well. If you run power only, you may want to rethink accepting loads to/from Brooklyn, N.Y., this week, as demand and rates are projected to be extremely low in the area.
To find out
where else demand/rates for capacity will be highest and lowest in the
coming week, check out the rest of this Friday edition of Trucker Tools’ “Where’s
the Freight?” below.
Where Demand and Rates Are Likely To Be High or Rising
Flatbed demand and rates to/from Yakima,
Wash., Southwestern Ontario, and Huntington, W.Va., likely will be high this
week. Demand for flatbed capacity inbound to and outbound from Rapid City,
S.D., Texarkana, Texas, and Dodge City, Kan., is projected to rise in the
coming week.
Reefer demand and rates for Dodge City,
Kan., and Tucson, Ariz., will remain high over the next five to seven days. Reefer
demand to/from Jonesboro, Ark., and Dodge City, Kan., is expected to increase
in the next week.
Where Demand and Rates Are Likely To Be Low or Falling
Flatbed demand and rates inbound to and
outbound from El Paso, Texas, and Joplin, Mo., are expected to be low this week.
Flatbed demand to/from Cheyenne, Wyo., is projected to decline over the next
five to seven day period.
Reefer demand to/from Hartford, Conn., and
Rapid City, S.D., will continue to be very low in the coming week.
Power only demand and rates for Brooklyn,
N.Y., yet again are projected to be extremely low this week. Power only demand
to/from Pittsburgh likely will fall off over the next week.
Trucker Tools’ Market Insights and Industry News
This week, the five highest demand markets likely will be: 1. Yakima, Wash. (flatbed), 2. Dodge City, Kan. (reefer), 3. Southwestern Ontario (flatbed), 4. Tucson, Ariz. (reefer), and 5. Huntington, W.Va. (flatbed).
The five lowest demand markets likely will be: 1. Brooklyn, N.Y. (power only), 2. Hartford, Conn. (reefer), 3. Rapid City, S.D. (reefer), 4. El Paso, Texas (flatbed), and 5. Joplin, Mo. (flatbed).
Flatbed demand for Yakima, Wash., this week will be twice as high as it was during the same week in 2021.
The Huntington, W.Va., flatbed market likely will favor fleets and owner operators by more than two to one this week, meaning for each flatbed traveling into or out of the area, there will be two loads available.
According to the ACT Research’s latest “State of the Industry” report, used Class 8 truck retail sales are down 32 percent year over year, with an eight percent decrease from December to January. Average Class 8 truck prices are up nine percent in January compared with December and are 82 percent higher than in January of 2021.
