Bi-Weekly Market Recap: February 28, 2022 – March 11, 2022

This is a bi-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 Chloe Cas, breaks down what happened last week and what to expect this week in the freight market in less than 2 minutes.

WHAT HAPPENED LAST WEEK (Feb 28 – Mar 4)

Due to conflict in Europe, we see, on average, an increase of 5 cents per gallon in diesel fuel from a year ago. In some regions, it’s actually up to a dollar 20. Volumes remain strong. However, we are seeing the markets slow down since the beginning of the year. Rates have decreased as the market slows down and regions continue on their downward trend.

WHAT TO EXPECT THIS WEEK (Mar 7 – Mar 11)

With warm weather and produce season coming up, we expect reefer capacity to open up a bit. We also can see the last pushes of winter weather being something to look out for. Other challenges to keep an eye out for would include the potential byproducts of the war.

STAY UP TO DATE

With all our market and data insights. 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.