Mar. 22. 2023

This Week in Logistics

Fr8app Market Update

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?

Capacity has normalized for most regions while the volume has continued to open up slightly on the West Coast and SouthCentral regions.

Texas again, has had an increase of load posts and continued to be the hottest State of the month. We should see some better rates for Southbound lanes down to Texas because of this. Any additional updates I will follow up with throughout the week.
Now for some national numbers:

• Spot Load posts have remained the same since last week
• Spot Truck posts are Up 3% since last week
• With Van rates down .8% since last week

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, Central PA markets.
  • In the Southeast such as Memphis, TN, and Metro Atlanta, GA. 
  • In the Northcentral such as the Grand Rapids, MI, Terre Haute, IN, Indianapolis, IN and all Ohio markets.
  • The Southcentral region such as Houston, TX, Dallas, TX and Fort Worth, TX markets show slightly 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 6.5 L/T
  • Macon, GA 5.6 L/T
  • Fort Worth, TX 5.2 L/T
  • Dallas, TX 3.2 L/T
  • Laredo, TX 8.1 L/T
  • Atlanta. GA 3.0 L/T

Key Locations with available capacity

• Chicago, IL 0.7 L/T
• Ontario, CA 1.4 L/T
• Indiannapolis, IN 1.6 L/T
• Harrisburg, PA 1.3 L/T
• Charlotte, NC 2.7 L/T
• St Louis, MO 2.3 L/T

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