Loadsmart First Look Weekly Market Recap: Oct 26 – Nov 1

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.

This week Loadsmart’s Director of Carrier Sales, Jordan Abrams, breaks down what happened last week and what to expect this week in the freight market in less than 60 seconds.

What We Saw Last Week

National Tender rejections continued to hover at the 25% mark. VOTRI sat strong at 24% while RFR rejections steadily decreased through the week from 44% to 41%

That wasn’t the only drop we saw. TS 7 day Avg Linehaul Rate dropped $0.12 to $2.83/mi since the first week in october. This is the most significant drop in Avg Linehaul since early May. With volumes and rejections easing, rates seem to settle. 

Let it snow! We had winter weather N TX, OK and in the upper midwest Causing capacity constraints heading into the EOM. Freeze protection is starting early and is expected to roll south as temps continue to drop. Expect RFR capacity to continue its tightness!

What To Expect This Week

Volumes levels and rejection rates are expected to remain constant

As temperatures drop we will see some volatility in the midwest. We expect capacity to be limited heading into the holiday.

Also, The Pacific NW will start to pick up as the EOY produce season kicks in and winter weather makes it a challenge to enter – that again what we call a double whammy

Stay Up to Date

With all the latest weekly and monthly market insights on our Youtube page. Questions about anything you saw? Email sales@loadsmart.com and let’s talk about how we can help you take advantage of real-time market conditions.

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