Posted on 21 Feb, 2017
Categories: Freight Rates
Last week we talked about how it looked like van rates might be near the bottom. It’s looking that way for reefer rates now also, and the number of reefer loads available on DAT TruckersEdge has been relatively constant as of late.
Darker-colored states have higher load-to-truck ratios, meaning that there's less competition for reefer loads in those states.
Miami had been one of the best places to find reefer loads during the slow season, but it fell back down to earth last week. A lot of that activity moved a little farther north, with more loads moving out of Lakeland, FL. It wasn't enough loads to turn the whole state of Florida dark in the Hot States Map above, but enough to boost prices out some outbound lanes from the middle of the state. Warmer weather in places also meant that certain commodities suddenly needed protection from heat, which led to higher reefer rates on lanes like Philadelphia to Boston.
NOT SO HOT
Several lanes out of Miami had big drops -- the lane to Northern New Jersey, for example. The warmer weather had a different effect on lanes where commodities suddenly didn’t need to be protected from freezing, like Green Bay to Minneapolis. Reefer volumes were still lackluster in California, so no improvement there yet.
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