Weekly Freight Market Update: Quarter End Scramble
Industry Insights, Shippers • Published on March 23, 2019
Spring continues to thaw the national freight network, as volumes have slowly increased with the addition of some produce, a small uptick in port activity, and few flatbed loads in the Southeast.
However, with all the new trucks purchased in 2018 – 490,100 units, according to ACT Research – payments need to be made, and capacity remains loose.
Rejection rates are still under 7% nationwide, and rates remain low. DAT Trendlines data shows of the top lane rates in the country, half are up slightly, about 10% are flat and the remaining 40% are down for a net change of just over +1% in the overall market rates.
End Of The First Quarter
Next week brings with it end-of-quarter-volume, and the market will be watching closely to see how the network reacts. Shippers will be scrambling to get freight delivered before the end of the week, and with the first of April falling on a Monday, there is a high likelihood of a higher volume weekend than normal.
Shippers should plan ahead and tender loads as early in the week as possible, while carriers would do well keep trucks rolling through the weekend, taking advantage of the extra revenue opportunities.
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