Reefer markets still await late-summer harvests

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Reefer markets have been waiting for an uplift from late summer fruit and vegetable harvests, but so far, that hasn’t happened. The Midwest has made gains, but not enough to make up for markets where harvests have struggled due to weather.

Overall California volumes were relatively neutral last week, as gains from the Stockton market offset losses elsewhere in the state. Florida volumes drifted down seasonally, but demand increased in Texas.

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Rising

Grand Rapids, Michigan, Green Bay, Wisconsin and Twin Falls, ID, were this week’s standout markets. McAllen, TX, saw a 13% increase in outbound load counts. Elizabeth, NJ, also saw a 14% rise in volumes, which will likely continue to rise with Labor Day approaching. 

  • Green Bay to Philadelphia climbed 21¢ to $3.13/mi
  • Grand Rapids to Atlanta added 49¢ to $3.08/mi
  • Green Bay to Des Moines surged 52¢ to $3.06/mi
  • Twin Falls to Phoenix up 30¢ to $2.09/mi
  • Philadelphia to Miami increased 21¢ to $2.21/mi

Falling

California again disappointed, as the Fresno market lost traction. But the biggest decline was actually out of the Midwest as well.

  • Grand Rapids to Cleveland dipped 36¢ to $3.35/mi
  • Nogales to Los Angeles tumbled 29¢ to $1.76/mi
  • Ontario to Seattle fell 10¢ to $2.44/mi
  • Atlanta to Philadelphia slipped 15¢ to $2.28/mi

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