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
We’re staring down the barrel of Q2 which brings a lot of action. Produce season, DOT week, Memorial Day, EOQ June and to top it off July 4. Buckle up folks! Expect these coming months to be choppy leading to tight capacity, record level volumes and rate increases.
Nation Rejections sat flat around 25%. While Van rejections also sat above 25% RFR rejections rested at 45.34%. FOTRI continues its run around 24%.
Flatbed rejection have increased over 11 points since March 1st.
What To Expect This Week
RFRs remain king of the market! It’s name your price!
Volumes still remain 75% higher than this time last year
Flatbed is making a massive push as spring construction kicks off. Expect little capacity and to be battling over truck
Ports are busy across the country – volume flooding into most ports keeping rates high!
TS AVG LH rates still sitting strong. The Dry van TS AVG LH decreased to $3.13, while RFR remains at $3.57
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