Freight Insights for Week of February 8

Freight Insights for Week of February 8

The following insights are taken from a weekly discussion between Sunset’s nine US/MX branches.

Trends and discussions range from seasonal manufacturing and agriculture trends that affect available capacity to general insight into outside factors affecting freight volumes.

Below is a summary of the February 10 call:

FREIGHT VOLUMES & CAPACITY

  • February capacity availability has been a slow to start the month.
  • Chinese New Year beginning this week will have impacts on inbound port freight and thus, delays for all inbound trade and residual OTR products that need to be moved.
  • Spot markets are aggressive right now.
  • Fuel rates spiked with weather across the Midwest and East coasts.
  • Carrier rates are expected to stay at these rates through summer and likely into Q3.

    Related posts: February Cross-Border Update

CONTRIBUTORS
  • Grand Haven, MI: Doug Bryant
  • Green Bay, WI: Rick Kerr
  • Laredo, TX: Jose Minarro
  • Nashville, TN: Jonathan Falcon
  • St. Louis, MO: Justin Danks
  • St. Paul, MN: Mike Morris
  • Wilson, NC: Mary McCallister