A loss of freight from US home construction and manufacturing is depressing spot market volumes and rates for flatbed trucks, creating surplus capacity which isn’t currently being matched with demand. The current load-to-truck ratio on 1/22 is 2.08. Now that the holidays are over and truck availability has opened, capacity has softened to meet current demand.
The American Trucking Association notes that recruitment trends in trucking have been returning to more normalized levels since November after a frenzied start to the year. The current load-to-truck ratio on 12/25 is 3.74. Overall, December has shown a tightening in capacity since the steep drop off earlier this month due to the completion of Black Friday/Cyber Monday shopping.
The following insights are provided by Sunset’s Strategic Account Management team. 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 November insights: DOMESTIC Capacity Good news – anyone who wants a Christmas tree this year should…
A hurricane warning has been issued for parts of the northwestern Bahamas, including Freeport, Grand Bahama. This means hurricane conditions are expected in the area, in this case by Wednesday. Tropical storm warnings are now in effect from Hallandale Beach, Florida, northward to Altamaha Sound, Georgia, where tropical storm conditions are anticipated by Tuesday night into Wednesday.
The following insights are provided by Sunset’s Strategic Account Management team. 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 October insights: DOMESTIC Capacity It’s turkey season in the United States with Minnesota being the biggest…
As we approach retail season. Sunset expects capacity to reduce, demand to increase, and costs to increase over the next 60 days. Expect capacity to loosen toward the end of the year, intermodal to remain tight and import demand to slow as we near the end of 2022 into 2023
From Sunset’s Strategic Account Management Team: Early Thursday, a tentative deal was reached with unions and management to avert a railroad strike. A verbal agreement was reached by both sides at 2:30AM ET. Expectations are for intermodal gates to open, and rail lines to continue accepting freight. This strike should not cause an impact to…
The following insights are provided by Sunset’s Strategic Account Management team for August 2022 market conditions: The supply-demand balance is shifting; seeing rates top out and slow in coming months. Downward fluctuations in price of fuel should provide additional relief in the short-term. CVSA’s Brake Safety is August 21-27, and will noticeably impact capacity.
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