Find the Most Profitable Trucking Markets 10/17/2024 | Ep 30
This week, we decided to try something new: a quick wrapup of the hottest trucking markets for dry van, reefer, and flatbed, a diesel price trends update, and a quick look at trends in spot market rates overall.
Let us know if you like this version of the show and we’ll do more of them!
Episode Highlights
Profitable Freight Market Updates:
- Hot Van Markets (Dry Van): Northern Midwest (Saginaw, MI; Fargo, ND; Duluth, MN), Illinois, Wisconsin, and out West (California, Arizona).
- Hot Reefer Markets: Northern Midwest, Idaho, South Dakota, Iowa, Nebraska.
- Hot Flatbed Markets: Midwest, parts of the South (Michigan, Indiana, Missouri, Alabama).
Diesel Price Trends:
- Diesel Price Increase: Prices have risen 4-5 cents per gallon.
- National average: $3.63 as of October 14.
- Regions Most Affected: Midwest and Gulf Coast saw the highest increases (6-7 cents).
- Comparison to 2023: Prices are still down compared to the previous year by around 65-80 cents.
General Freight Market Trends:
- Spot rates for freight markets are not increasing much.
- Dry van rates are up by a few cents, flatbed up 5-7 cents, and reefer rates by 1 cent.
- Truckload rates have dropped due to Hurricane Milton.