Friday last week marked the end of the second quarter, likewise the start of the Fourth of July holiday weekend, a combination that boosted demand indicators. Shippers wanted freight out the door before the end of June, but trucks were a bit more scarce than usual.
Hot markets: In addition to Houston, the energy and steel sectors have helped boost the flatbed market in Birmingham, Ala. Memphis has been building flatbed freight volume, too, and St. Louis has been unusually strong in late June.
Hot markets: Prices jumped up out of Allentown, Pa., last week, but the Southeast was the hot spot for van freight in June. Outbound rates in Memphis are up 14 percent for the month. Atlanta and Charlotte prices were also up by double-digit percentage points.
Hot markets: The biggest changes last week were in California, where reefer freight finally started to move out of Fresno and Sacramento in serious quantities, but outbound load counts fell sharply in Los Angeles and Ontario. Other markets to hit a lull last week included Miami, Twin Falls, Idaho, and Grand Rapids, Mich.. Across the country, 47 of the top 72 reefer lanes had higher rates compared to the previous week. Some of those increases were due to the urgent need to deliver fresh fruit and vegetables to grocery aisles before July 4.
Van and flatbed rates soared to multi-year highs. Reefer rates rose to their strongest point in a year.