Good morning, Welcome to this week’s Freight Market Newsletter, where we provide a concise update on the key trends and data in the trucking industry. Our focus includes carrier population changes, freight volumes, rejection rates, and diesel prices. We'll also highlight specifics for dry vans, reefers, and flatbeds.

Quick Insight 

Carrier Population
Net Change: Increased by 49 carriers net this week.

Freight Volumes
2024 vs. 2023: Higher load volumes this year, compared to June 2023, and still trending upwards.

Rejection Rates 
Current Rate: 4.9%, slightly below the 5% market contraction threshold, but higher than 2023 levels.

Diesel Prices
Current Average: $3.82 per gallon nationally, slightly up but better than 2023 prices

Dry Vans
Where Is Highest Rate Per Mile?

Rate per Mile: $1.95, down 3 cents from last week.
Volumes: Up 8.5% week-over-week, but down 1% year-over-year.
Top RPM Markets: Atlanta, GA; Ontario, CA; Houston, TX; Los Angeles, CA; Jacksonville, FL.

Reefers
Hot Temps, Where’s The Reefers!

Rate per Mile: $2.35, down 4 cents from last week.
Volumes: Up 12.6% week-over-week, but down 4% year-over-year.
Top RMP Markets: Ontario, CA; Los Angeles, CA; Fresno, CA; Joplin, MO; Fort Worth, TX.

Flatbeds
Outbound Pacific NW

Rate per Mile: $2.47, up 1 cent from last week.
Volumes: Up 18% week-over-week, but down 1% year-over-year.
Top RPM Markets: Arkansas, Mississippi, Alabama (high load-to-truck ratios).

In conclusion, The key to success in the freight industry is staying informed. By keeping tabs on carrier fluctuations, diesel prices, and market dynamics for dry vans, reefers, and flatbeds, you can optimize your shipping strategies and ensure smooth operations.

Remember, we're here to support you on your shipping journey. For a more personalized newsletter to your region or mode of transportation please email us at [email protected]

Stay tuned for our next update, and remember, “informed decisions lead to smoother journeys ahead”.