Market Update: June 14, 2018

Spot Market Trends

This June, everyone is feeling the effects of a tight market after Memorial Day weekend and last week’s annual Road Check. Flatbed prices have hit another record high at $2.81/mile and the reefer load to truck ratio rose 57% since last week.

Demand Spikes in Dallas

As the Los Angeles market begins to level out after a delayed produce spike, the freight appears to be moving south as tender rejections are spiking in Dallas. The graph below shows the average tender reject index for the whole United States (blue) versus the tender reject index in Dallas (green).