Join Loadsmart’s Director of Carrier Sales, Jordan Abrams, for less than 60 seconds as he breaks down what happened last week and what to expect this week in the freight market.
This is a weekly series that brings the insights we use to get your shipments from A to B from our carrier sales floor to your home office.
What we saw last week
- Volumes continue to increase now over 30% above past years and over 5% higher than March panic buying
- There are still no signs of volumes slowing down So buckle up.
- The market remains a carrier market – meaning freight is of abundance and they have their selection with lanes and rates.
- As Americans adjust to the new normal they are spending less on services and more on goods causing increased demand for trucks.
- Hurricane Isaias caused freight volatility in its path up the east coast starting in the Carolinas and resting up in upstate NY.
What to expect this week
- We can expect the tightness across the country to continue as volume, OTRI and rate trends increase
- We are seeing lots of demand on the waters, inbound from China – volumes will continue.
- We will feel the effects of Isaias as it caused flooding and facility shut downs in the NE. Expect rail freight to convert to OTR.
- We also expect the Midwest markets to tighten as L/T ratios increase within IN, MI and the OH river valley
Stay Up to Date
With all the latest weekly and monthly market insights on our Youtube page. Questions about anything you saw? Email firstname.lastname@example.org and let’s talk about how we can help you take advantage of real-time market conditions.