A 12 percent surge in refrigerated food shipments sent spot market reefer rates up almost 2 percent during the Thanksgiving week, countering soft pricing across most of the truckload market, according to TransCore Freight Solutions.
In comparison, spot market dry van freight availability rose 1.6 percent nationwide the week of Nov. 23 and dry van spot rates dropped 0.2 percent in the same period, said TransCore.
Reefer rates and refrigerated freight demand are expected to remain high through mid-December, as grocery stores and food retailers stock up on holiday fare.
“The van segment is already declining, which is normal for this time of year,” Mark Montague, industry pricing analyst, said on TransCore’s Freight Talk Blog.
“Holiday merchandise is already in the stores, and the big freight frenzy of the next four or five weeks will be in the parcel segment, not truckload,” Montague said.