WEEKLY MARKETFIT UPDATES 11.13.23: BUILDING MOMENTUM AS PEAK SEASON APPROACHES

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.

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: Twin Falls, ID

This week, Twin Falls and its counterparts are experiencing a notable uptick, reflected in a 10.71 increase in the FIT Score from the previous week. Gradually climbing back to its peak numbers from early October, this market continues to showcase strength, particularly in the Western parts of the US. Take a look at the other noteworthy developments across the map this week.

What this means for carriers

• Carriers bound for Twin Falls may discover a more favorable environment for securing inbound freight, with current inbound tenders surpassing outbound freight volume in this market.
• Contracted freight is experiencing rejection rates above national averages, signaling potential opportunities for available freight in the short-term spot market.

Market Snapshot: On The Verge Of Peak Season

This week, we’re seeing the overall market down from recent highs a few weeks ago.

The US MarketFIT score is 2.85, plateauing with its score in mid-October.

We will be watching this number closely as we continue into peak season to see how it moves over the next few weeks.

Lane Rates: Positive Movement in the Southwest 

Throughout this week, positive scores continue to emerge in the Southwest, echoing trends observed last week, notably in Southern California, Texas, and reaching back up to the Northeast.

Carriers navigating Southwest lanes this week can anticipate encountering slightly more advantageous rates in crucial lanes.

We’ll keep an eye out to determine if these key markets continue 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 key markets.

We have data in MarketFIT on 135 critical markets across the entire United States.

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