Reefer load counts and rates continued to climb last week, boosted by produce markets across the country. Last week was the fifth in a row for rising volumes, and prices continued to surge out of the Southeast.
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Florida led the way again last week, with outbound rates in Lakeland and Miami up 15% and 8% respectively.
- Lakeland to Atlanta surged 58¢ to $2.96/mile
- Lakeland to Charlotte climbed 39¢ to $3.18/mile
- Miami to Atlanta was also up 39¢ to $3.11/mile
- Lakeland to Chicago jumped up 32¢ to $2.50/mile
It wasn’t just Florida though:
- Asparagus crops helped boost volumes in Michigan, and the lane from Grand Rapids to Madison, WI, rose 43 cents to $3.15/mile
- Reefer rates also rose in Nogales, AZ, an entry point for Mexican produce
- Outbound load counts also climbed in McAllen, TX, another border crossing market
The ripple effect of Florida hitting its peak was some lower prices elsewhere, as buyers adjusted their sourcing:
- Atlanta to Philadelphia was down 48¢ at an average of $2.60/mile
- Philly to Miami adjusted down to $1.65/mile, balancing the more expensive loads coming out of Miami
- Chicago to Atlanta declined 24¢ to $2.50/mile, as rates rose on northbound lanes out of Atlanta
Categories: Rate Trend of the Week