Two major increases in the trucking industry last week, we have a 17% increase on the ITS Market Demand Index and a 16% increase in truck searching. The hot regions contributing to the increase in load availability are: Texas, Georgia, Illinois, Alabama, Ohio, Indiana, Pennsylvania, North Carolina, South Carolina, and Florida.
The overall average equipment rate is continuing to increase, with flatbed and reefer rates rising 2% and van rates rose 4%.
Fuel prices flattened this last week. Washington, California, Rhode Island, Connecticut, New York, Nevada, Pennsylvania, Idaho, Vermont, and Arizona had the highest fuel prices at an average of $4.37 per gallon. Indiana, Missouri, Oklahoma, Virginia, South Carolina, Iowa, Mississippi, Tennessee, Colorado, and Nebraska had the lowest fuel prices at an average of $3.98 per gallon.
Available freight loads have increased for ten consecutive weeks. As capacity continues to tighten, this should continue providing support for higher lane rates. To read the full version of Trans4Cast, visit: www.trans4cast.com