Analysis
The week of October 31, 2011 took a giant leap upwards in car shipping volume from the previous week. The upward momentum, 3rd weekly increase in volume, shows no signs of slowing down. Rates for auto transporters up are up as shippers are struggle to find trucks to cover their freight.
Biggest Gainers
By far the largest and the most surprising increase came out Florida. The vehicle volume increased dramatically, by over 5%, just from last week. To carriers it means that a lot more freight is available. Florida to New England (SW) saw an increase of 15%, giving a healthy boost to shipping rates. At this pace shippers will have no choice but to pay more out of Florida to have their vehicles moved.
Another region that saw an increase in shipping volume is Southwest, mainly California and Arizona. For some drivers this couldn’t come soon enough. Shipping prices out of California has been at annual lows as carriers struggled to find loads out of California. This week saw an increase in shipping volume to Florida and the Midwest.
Remained Steady
Shipping from the Midwestern states like Illinois and Minnesota has remained steady with a small increase from last week. Car haulers will find the highest paying loads going to the Southwestern states like Arizona and California.
Biggest Declines
While this week has seen an overall increase in the number of cars being shipped, couple regions showed weak demand for transportation. California to Texas saw a decrease of 5% and it still is difficult for carriers to find loads to go North. Rates to go Washington and Oregon out of California are at a yearly low, of course that means that rates out of WA or OR are unusually high as more carriers try to avoid the SW.
Market Data
| Region: | All (IN) | NE | SE | Midwest | South | NW | SW |
|---|---|---|---|---|---|---|---|
| All (OUT) | 17760 | 1950 | 5402 | 2900 | 2388 | 908 | 4183 |
| NE | 5250 | 798 | 1941 | 766 | 485 | 145 | 1107 |
| SE | 3845 | 368 | 1324 | 572 | 521 | 214 | 848 |
| Midwest | 3489 | 360 | 1037 | 829 | 421 | 197 | 998 |
| South | 1755 | 147 | 412 | 199 | 522 | 95 | 377 |
| NW | 869 | 73 | 184 | 144 | 98 | 105 | 263 |
| SW | 2158 | 199 | 506 | 393 | 331 | 145 | 576 |
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) | 8% | 10% | 6% | 11% | 1% | 6% | 11% |
| NE | 8% | 11% | 5% | 13% | 2% | 8% | 8% |
| SE | 5% | 15% | 2% | 11% | -5% | 5% | 8% |
| Midwest | 4% | 3% | -3% | 12% | -8% | 8% | 10% |
| South | 21% | 21% | 25% | 6% | 23% | -8% | 28% |
| NW | 10% | 7% | 18% | 17% | -11% | 18% | 8% |
| SW | 8% | 1% | 18% | 8% | -5% | -6% | 12% |
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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