Overview & Projections

Tender rejection rates experienced a slight decline last week, suggesting a softening freight market overall. While most regions showed signs of improvement or neutrality, certain areas of the Northeast, Pacific Northwest, and Midwest are demonstrating above-average rate increases. Specifically, Pennsylvania, Ohio, and Indiana, along with Western states such as Nevada, Washington, and Oregon, are experiencing tightening conditions as we move into the week. On the other hand, Northern Florida and Mississippi are trending in a more favorable direction.

Despite the softening of the spot market, contracted carriers remain in a strong position, with slightly higher rates compared to the previous year. This presents a strategic opportunity to secure carrier contracts now, as locking in these agreements could yield significant benefits in the long term. With dry van rates expected to rise in the fall, capitalizing on current contracted rates could lead to better cost efficiency in the months ahead.

California (Southern)

Rates remain the highest within the state. However, as the PNW picks up rates will decrease. Capacity is slowly getting stronger.

Florida (Northern)

Central Florida is improving this week. Northern Florida is the better area to secure trucks which is benefitting Southern Georgia. Northern and Central Georgia is fluctuating the most.

Idaho

Holding onto a quality market. Washington and Oregon will move this market soon.

Washington/Oregon

Availability is declining in Western Washington and Central / Western Oregon. Booking carriers in advance will aid coverage constraints later in the week.

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