04/30/2024
Mother's Day is a holiday that always falls on the second Sunday in May, just right before the FMCSA's Blitz Week. This magical alignment drives rates to skyrocket, especially from nursery-rich regions such as Miami, FL. Given that Miami is currently one of the strongest outbound refrigerated regions, a shortage of trucks is expected to happen in the next few days as we approach the holiday.
Rates out of Miami increased for 7th week in a row, this time by $0.21/mile and are now at $2.15/mi on average, with a 41% increase in spot volume compared to the previous week. Over the next two weeks, even higher volumes are expected - approximately 30-50% higher than in previous weeks, which will put additional pressure on shippers and brokers. If you get to have a truck available in that market, take your time securing the loads. It's better to book them later in the day to get a great rate, as there are plenty of loads for everyone, especially if you're open to hauling multi-drop nursery loads.
Want to know more? Read here: https://t.ly/A_fza
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