Analysis
The week of October 24th, 2011 showed a small upward trend in car shipping volume from the prior week. The number of vehicles being shipped is somewhat unusual for this time of year and is primary factor for increased shipping costs. The Northeastern region of the US remained the biggest outbound shipper with 30% of all freight shipping from states like New Jersey, New York and Massachusetts. At the same time Southeast US has biggest inbound volume of about 30% of all cars being delivered to states like Florida and Georgia.
Biggest Gainers
The largest increasing in shipping volume came from the Southern region. States like Texas and Arkansas saw an increase of shipments by about 10%. Shipping from TX to the Northeast saw a particularly large boost of 18%, this means that rates may finally begin to rise out of TX.
Remained Steady
Snowbirds moving their vehicles south continue to overwhelm certain lanes, particularly those from the NE to SE. Event though there has not been a dramatic increase in volume in comparison to last week, auto transport companies will have no trouble finding freight. Shippers need to be prepared to pay more to have their cars moved in a timely manner.
Biggest Declines
Auto transport companies looking to send their truck to the Northwest will continue to have a hard time finding freight as numbers are down for 2 consecutive weeks. It is becoming more difficult to find cars to transport from southern states like California and Florida to Washington and Oregon. The however means unusualy low rates for companies and individuals looking to ship north.
Market Data
| Region: | All (IN) | NE | SE | Midwest | South | NW | SW |
|---|---|---|---|---|---|---|---|
| All (OUT) | 16349 | 1755 | 5083 | 2578 | 2353 | 857 | 3704 |
| NE | 4838 | 711 | 1851 | 664 | 475 | 133 | 1016 |
| SE | 3668 | 312 | 1303 | 511 | 547 | 204 | 781 |
| Midwest | 3688 | 349 | 1070 | 728 | 455 | 182 | 896 |
| South | 1390 | 116 | 310 | 188 | 402 | 103 | 271 |
| NW | 779 | 68 | 151 | 119 | 109 | 86 | 241 |
| SW | 1984 | 198 | 417 | 360 | 349 | 154 | 506 |
Table below indicated changes in load quantities compared to the previous week. Decreases greater than 15% are highlighted in red while increases greater than 15% are highlighted blue.
| Region: | All (IN) | NE | SE | Midwest | South | NW | SW |
|---|---|---|---|---|---|---|---|
| All (OUT) | 2% | 7% | -3% | 3% | 7% | -8% | 4% |
| NE | -1% | 14% | -5% | -1% | -2% | -17% | 1% |
| SE | -1% | -3% | -6% | -8% | 4% | 0% | 11% |
| Midwest | 4% | 5% | 4% | 2% | 16% | -19% | 4% |
| South | 10% | 18% | 16% | 17% | 11% | 6% | -3% |
| NW | 6% | 26% | -11% | 23% | -1% | 28% | 1% |
| SW | 4% | -4% | 1% | 22% | 7% | -14% | 6% |
Southeast – MD, DC, VA, WV, KY, TN, NC, SC, AL, GA, FL
Midwest – OH, IN, MO, KS, WI, MI, MN, IA, NE, SD, ND[/one_half] [one_half last]South – TX, OK, AR, LA, MS
Northwest – WA, OR, ID, MT, WY
Southwest – CA, NV, UT, AZ, CO, NM[/one_half]
About the Author: Alex Marinov
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