Market Update: July 12, 2018

The market remains relatively unchanged over the past couple weeks with significant tightness and high rates out of the South. We expect rates to begin leveling out and the southern produce season boom to subside in the coming weeks. If history is any guide, that will mean the capacity restrictions will slowly start moving Northwest and begin affecting Illinois, Missouri, Iowa, Michigan, and Ohio.

Spot Market Trends

East Coast Imports Support Tight Capacity

Source: KeyBanc Capital Markets, inc.