The Chainalytics-Cowen Indices are indicating a slowing freight market in April, but how does that help us in mid-June?
Capacity is tightening in portions of the Missouri valley as warmer temperatures have agriculture shipment volumes and the need for reefers increasing. This could be a sign of the overall market heating up again.
The spring season has yet to see an event big enough to move carriers from their newly executed contracts.
DAT is reporting dry van rates are decreasing. The Tender Rejection Index is indicating this trend should continue over the next few weeks.
DAT reported flat to lower rates in this weeks national averages. The TRI has been suggesting a softening market for the past few weeks.
Freight market activity is stabilizing as carriers move into new contract cycles. The ELD hard enforcement period appears to be a non-factor so far.
Turndowns inbound and outbound of Charleston are gradually rising in tandem, indicating a healthy market. Spot rate movements will depend on where capacity is positioned once port traffic ramps up.
The Chicago area is considered a keystone to many freight networks and as such a reliable indicator to the overall health of the trucking industry. WIth all the talks of trade wars and ELDs signs point to a remarkably stable environment, but for how long?
