Happy New Year!
We hit an ALL TIME HIGH in the last week of 2017 in all facets – TL, LTL and Reefer…flatbeds leveled out, but vans & reefers were up. Most technical indicators lag a bit but the best indicator market is price.
Thanks to the ELD Mandate and frigid weather across the Northern region, we witnessed a frenzy of people urgent to get their LTL and TL shipping moved. We felt it on the phone and over our email orders watching longer transit times across the boards and higher prices.
NEWS YOU CAN USE!
- Van Ratios Hit an All-Time High during the week of Dec 24 – 30 – This urgency to move freight before the end of the year, combined with the frigid weather and tight capacity due to both the holiday and the recently initiated ELD mandate meant that it cost more to move those loads last week.
- Load-to-truck ratios surged, setting a new all-time record-high of 12.2 loads per truck for vans.
- Spot rates also reached historic highs: The national average van rate rose 2