Feb. 1. 2023
This Week in Logistics
The Fr8app weekly market update, is a report that analyzes data from multiple sources, including but not limited to FreightWaves SONAR, DAT.
We know that market data is vital to making real-time business decisions, and at Fr8app, we are committed to giving you the data you need to better manage your freight.
What is going on in the US market?
Right now, as you can see in the above map it is cold for a majority of the US, moving any freight to the blue areas will likely come at a slightly increased rate and vice versa for the red areas.
Additionally load posts nationally are trending upward this past week but posted trucks are down 4% of the last 8 days & 13% for the month.
What’s happening out there?
- The Southeast, Central TX, Northeast have continued to warm and continue to face some capacity limitations but we should be seeing favorable buying power against this current market. Conversely, the West coast OB remains open with minimal impacts to coverage currently being reported.
- Capacity constraints continue among specialty equipment such as Flatbed, Reefer, HAZ, etc.
- In general, the Top 3 tightest markets for capacity over the last 7 days – Northeast region, Southeast region, and the Southcentral regions of the Country. In addition, there are a few hotter markets to make note of, which would Include Elizabeth, NJ, Grand Rapids MI, Cleveland OH and Green Bay, WI.
What are we still seeing?
There are some areas in parts of the country you will see showing red or hotter on the heat map, with capacity a little tighter:
- In the Western Region of the country, we should have open capacity throughout the market.
- In the Northeast we are seeing Elizabeth, NJ, Harrisburg, PA, Philadelphia, PA and Allentown, PA markets.
- In the Southeast such as Memphis, TN, and Metro Atlanta, GA.
- In the Northcentral such as the Chicago/Joliet, IL, Grand Rapids, MI, Terre Haute, IN, Indianapolis, IN and all Ohio markets.
- The Southcentral region such as Houston, TX and Fort Worth, TX markets show tighter capacity.
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How should I read this map?
- Heat Map shows all markets in the Country and how those markets show where we have capacity rich areas and where we do not. The darker shaded red areas are the “hotter markets” that signifies more freight posted than trucks available in that area. The lighter areas represent more balance in a market for loads per truck.
- Generally, when you are looking at a hotter freight market, carrier rates inflate from demand. You will see increased rates in a more balanced or lighter market.
A good rule of thumb is…
- A lane from a balanced market to hot market will have stabilized rates.
- A lane from Hot market to a balanced market will have increase.
Key Locations with limited capacity
- McAllen, TX 4.3 L/T
- Macon, GA 3.5 L/T
- Harrisburg, PA 3.6 L/T
- Fort Worth, TX 3.5 L/T
Key Locations with available capacity
• Atlanta, GA 2.0 L/T
• Chicago, IL 0.9 L/T
• Ontario, CA 1.3 L/T
• Charlotte, NC 2.4 L/T
• Indianapolis, IN 2.7 L/T
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