Truckload Performance in June 2021
June 2021 - Transportation Market Report
Every mode in the TL market remains significantly elevated in terms of load to truck ratios. After the expected dip in volume around Memorial Day, volumes came snapping back and have remained elevated. With the 4th of July holiday here, expect capacity to decrease and rates to increase beginning the week of 6/27 and lasting through 7/9.
Dry Van
Dry Van volumes continue to surge. The combined Volume Index has eclipsed 16,000. Rejections for Dry Van are over 26%. The Southeast region, border regions in TX, and SoCal remain extremely tight in terms of capacity. With the July 4th holiday upon us, expect capacity to tighten even further with network disruptions through July 9th. Carriers will be heading home for the holiday and it will take a few days to have equipment repositioned once drivers return.
Reefer LTT & CPM
The Reefer market continues to surge in terms of demand. Rejection rates are above 38%. Omaha NE, Little Rock AR, Des Moines IA, Savannah GA, and Ft. Wayne IN all have rejection rates over 60%. As we move through the end of produce season, expect reefer capacity to remain extremely tight. Reefer capacity will remain tight through all of July. Work with your carrier base to minimize service disruptions through the July 4th holiday. Tender lead times are key.
Reefer OTVI & OTRI
Reefer volume have remained consistent in June compared to May. Rejection levels have climbed since mid-month. End of Quarter shipments coupled with the July 4th holiday are driving the end of month push. Reefer capacity will remain tight through all of July. Work with your carrier base to minimize service disruptions through the July 4th holiday. Tender lead times are key
Length of Haul Rejections
This measures the Rejection rate compared to a specific length of haul. We’ve seen an uptick in rejection rates for Long Haul (800+ miles) shipments. The rejection rate is up 3.42 percentage points or 12.99% percent since end of May. Key Takeaway: The “Tweener” lane continues to have the highest Rejection rate by category. Previously, drivers could make the 450+ mile runs in a day. Due to HOS regulations, they are no longer able to do so. Ensure you are providing more than adequate lead time, and ensure appointments are set at both the shipper and receiver.
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