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Market Update 3.27.26

Weather Updates:

  • Freeze protection services are currently active in Alaska and Northern Canada. For shipments containing freezable freight, ensure that freeze protection service is added. Please note that this service brings additional charges and may result in transit delays.

Small Parcel Updates:

  • ‌More Same Day Options: FedEx Freight has launched SameDay service via a strategic partnership with last-mile platform OneRail, giving shippers flexible two-hour or end-of-day delivery commitments powered by OneRail’s AI matching into a 1,000+ provider network. This sharpens FedEx’s edge against Amazon and Walmart’s local fulfillment speeds, while UPS already fields a comparable lineup through Roadie and Express Critical, covering two-hour, four-hour, and end-of-day windows across key markets.

LTL Updates:

  • Gordie Howe Toll Rates Released: Toll rates for commercial trucks on the new Gordie Howe International Bridge are set at 8.75 USD per axle (12 CAD), roughly half the current rates of the Ambassador Bridge, creating immediate line-haul savings for cross-border carriers. With the opening targeted for this spring and a “Breakaway” business tag program offering additional discounts for frequent users, the corridor is poised to shift significant truck volume toward the new public crossing.
  • Diesel Rates: National diesel prices increased, up $0.304 from last week, averaging $5.375 per gallon, $1.808 higher than the same time last year, and $1.341 higher than two years ago. The New England region saw the largest increase, up $0.523 to $5.759 per gallon.

TL Updates:

  • Market Activity: Pressure continues to increase with spot load posts up 13.2% from last week, and spot truck posts decreasing 7.0%. The Load-to-Truck Ratio (LTR) was up for vans, flatbeds and reefers.
  • Outbound Tender Rejection Index (OTRI): The OTRI rebounded this week, rising to 14.46 from 13.68 week over week, signaling renewed tightening in truckload capacity. Strength was broad-based across equipment types, with dry van rejections continuing to climb and both flatbed and refrigerated segments showing notable gains following last week’s pullback. The sequential increase suggests carriers are regaining pricing leverage as demand firms ahead of quarter-end. End of Q1 shipping activity is amplifying rejection rates, as shippers push to move remaining volumes and finalize financial targets. While some easing could emerge in early April, the current trend highlights firm underlying conditions, with seasonal and calendar-driven demand serving as near-term catalysts for tighter capacity.
  • Dry Van: National dry van demand rose 29.6% to a 10.02:1 LTR, over 2x 2025 levels, and 3x 2024, with the highest demand spread across the United States, other than CA and IL at over 5.5:1 LTR. The national spot rate per mile (RPM) for dry vans increased $0.08 from February to $2.49, led by the Midwest at $2.76. The VOTRI increased marginally to 14.64, up from 14.30 in the previous week.
  • Flatbed:  National flatbed demand rose 8.5% to an 80:02:1 LTR, over 2x 2025 levels and 5x 2024, with the highest demand spread across the United States, other than RI at over 18:1 LTR. Spot RPM for flatbeds climbed $0.31 from February to $3.03 nationally, led by the Midwest at $3.21. The FOTRI bounced back this week, closing 1t 40.3, up from 35.02 the previous week.
  • Reefer: National reefer demand increased by 33.1% to a 20.7:1 LTR nationally, over 2x 2025 levels, and 4x 2024, with the highest demand spread across the United States, other than CA, CT, MA, MD, NC, NH, and RI at over 12:1 LTR. Spot RPM for reefers increased $0.06 from February, averaging $2.93 nationally, led by the Midwest at $3.30. The ROTRI broke away from recent downward trends, increasing to 20.38 from 18.10 the previous week.

International Updates:

  • ‌FBX Trends: Container rates showed upward movement again week-over-week, The global average cost of an FBX container rose 1.0% to $1,769. The FBX01 average increased 3% to $2,105 while the FBX03 average climbed 4% to $3,118.
  • Port of Los Angeles: Vessels are currently averaging 3.6 days at berth. The port reported a 6.14% YOY volume decrease from 16 scheduled vessels during the week of March 22, 2026. For the week of March 29, container volumes are projected to increase 4.04% YOY, with 20 scheduled vessels moving a projected 96,712 TEUs.

Embargoes:

There are no embargoes currently impacting our freight network.