Thanksgiving is less than two weeks away, and there's an urgency to get fresh and frozen goods to supermarkets before the big day. Last week we saw the highest reefer volumes in the past three months, and the reefer load-to-truck ratio jumped 27%.
Rates are on the rise too. Last week on the top 72 reefer lanes, 48 had rising prices. The national average reefer rate is now $2.14 per mile, which is 2¢ higher than the October average.
Rising markets and lanes
Reefer volumes increased in Atlanta, a hub for warehousing, and Miami, where imports arrive by sea. Volumes were also up in Fresno, CA, and Nogales, AZ — although rates only increased in one of the major lanes out of Nogales:
- Nogales, AZ to New York City shot up 24¢ to $2.18/mi.
- Lakeland, FL to Charlotte, NC increased 21¢ to $1.83/mi.
- Twin Falls, ID to Los Angeles gained 19¢ to $2.35/mi.
- Atlanta to Philadelphia added 18¢ to $2.26/mi.
Falling markets and lanes
Not many lane rates declined, and most of the changes were slight. There were a few notable exceptions:
- Philadelphia to Miami dropped 21¢ to $1.94/mi.
- Nogales, AZ to Los Angeles moved down 10¢ to $1.70/mi.
- Ontario, CA to Seattle declined 8¢ to $2.23/mi.