WEEKLY MARKETFIT UPDATES 10.10.23: POSITIVE MOVEMENTS IN THE MARKET

MarketFIT, from Express Freight, is the first tool of its kind that allows carriers to use data to quickly identify the most favorable and competitive freight markets in the US.

All of our clients have access to in-depth dashboards on over 125 markets across the US and countless lanes between these markets. Check out this video where Dan Hadley, CEO at Express Freight Finance, shows live how MarketFIT works.

Now, let’s see a snapshot of live data from this week to give you an upper hand as you plan your routes and negotiate rates. Reach out to us at 877.807.3006, if you’re interested in getting access to the full platform.

Market Highlight: Duluth

Duluth has experienced some of this week’s largest market improvement, with the FIT Score increasing 14.02 points from the previous week. It’s significantly higher than it was even a few weeks ago. This market is the strongest in the Midwest, but here are other bright spots throughout the map this week.

What this means for carriers

• Carriers inbound to Duluth may find an easier time finding outbound freight relative to other markets as outbound tenders currently exceed inbound freight volume. 
• Tender rejection of contracted freight are above national averages, indicating more freight may be available on the sport market in the short term. 

Market Snapshot: Positive Movement in the Market

This week, we’re seeing some of the most positive trends in the overall US market over the last few months. 

The US MarketFIT score is up 4.23, almost double that of the July low from last year.

We will be watching this number closely to see how it moves over the next few weeks.

Lane Rates: Texas

This week, we’re highlighting the lanes in Texas, and in particular, we’re seeing some positive trends out of Dallas. 

The numbers indicate a positive trend for carriers running both within Texas and out of state.

We’ll keep an eye out to determine if this key market continues to move in the right direction.

Load Availability & Lane Rates Dashboard

Available to all of our clients is a load board integrated directly into MarketFIT that not only shows you the rates but also helps you find the best available loads quickly.

Below is a highlight of what that data looks like across all 135 of our key markets in MarketFIT.

You can learn more about MarketFIT and request a demo by visiting our site.