Weather:

• ‌Weather Risk: An active pattern will keep localized freight disruption risks elevated over the next week. Showers and thunderstorms may affect the Southern Plains, western Gulf Coast, Southeast, and parts of the eastern U.S. through the weekend, while persistent Pacific Northwest storms bring periods of rain and mountain snow; by early next week, a stronger Pacific system is expected to increase heavy precipitation, high winds, and high-elevation snow risks along the West Coast (Weather.gov).

Small Parcel Updates:

• Parcel Fuel Pressure: UPS and FedEx fuel surcharges increased again for the week of Nov. 2–8, with domestic Ground reaching 30.25% at UPS and 29.25% at FedEx, up 0.75 and 0.25 percentage points week over week, respectively. With peak-season demand surcharges already in effect, elevated fuel is adding another layer of cost pressure as parcel networks move deeper into the holiday shipping period (ParcelFuel).

LTL Updates:

• LTL Network Expansion: TFI International plans to develop a separate asset-light, non-union U.S. LTL network using contractors, expanding its LTL strategy beyond the existing TForce Freight operation. Meanwhile, A. Duie Pyle has expanded direct service into Southwest Ohio as regional carriers continue investing in network reach and density (Journal of Commerce).
• Diesel Rates: National diesel prices decreased $0.060 from last week, averaging $6.292 per gallon, $2.539 higher than the same time last year, and $2.756 higher than two years ago. California saw the largest decrease, down $0.079 to $8.076 per gallon (U.S. EIA).

TL Updates:

• ‌‌Market Activity: Load postings increased 7.82% from last week and spot truck postings were down 7.21% while the Load-to-Truck Ratio (LTR) decreased for vans, flatbeds and reefers (DAT). The FreightWaves Pricing Power Index fell back 2 points from last week to 70, remaining in a carrier-favorable market (SONAR).
• Outbound Tender Rejection Index (OTRI): OTRI edged down to 11.13 from 11.22, indicating the overall truckload market remains relatively loose despite modest tightening in van and flatbed. (SONAR).  The typical pre-EOM capacity squeeze has largely failed to materialize, suggesting softer freight demand and available truck capacity continue to offset seasonal pressure. As November progresses, holiday-related shipping patterns could create localized tightness, particularly in reefer and flatbed.
• ‌Dry Van: National dry van demand increased from last week, up 17.2% to a 11.4:1 LTR. The highest demand, with LTRs exceeding 25.6:1 are in OR and WA. National dry van spot rates are up $0.08 per mile from October to $3.13, led by the Midwest at $3.33 (DAT TRENDLINES). The VOTRI increased to 11.68 from 11.37, showing a modest uptick in carrier resistance despite the overall market remaining loose (SONAR).  The increase suggests some lane-level tightening, but softer freight demand and available truck capacity continue to limit broad pricing pressure.
• ‌Flatbed: National flatbed demand jumped significantly from last week, up 20.3% to a 42.2:1 LTR. The highest demand, with LTRs exceeding 140.1:1, is in ME and OR. National flatbed spot rates are down $0.03 per mile from October to $3.58, led by the Southeast at $3.88 (DAT TRENDLINES). FOTRI increased to 18.76 from 18.45, extending the tightening trend in flatbed (SONAR). Construction, infrastructure and industrial freight continue to provide underlying support, and flatbed remains the most capacity-constrained of the three modes even as overall truckload conditions remain relatively soft
• ‌Refrigerated: National reefer demand increased from last week, up 12.5% to a 17.2:1 LTR. The strongest demand is in DE, ND, NM, VT, WA and WY at over a 28.0:1 LTR. National reefer spot rates are up $0.06 per mile from October to $3.68, led by the Midwest at $4.19 (DAT TRENDLINES). ROTRI was essentially flat at 20.84 compared with 20.82, indicating stable capacity conditions (SONAR).  Fall harvest and seasonal food shipments continue to support reefer demand in select regions, while the approaching Thanksgiving shipping cycle may gradually increase pressure on refrigerated capacity

International Updates:

• FBX Trends: Lane specific container rates were down globally, in the 01, and 03 lanes from the previous week. The global FBX average decreased 1% to $3,513. The FBX01 average decreased less than 1% from last week to $8,340 and the FBX03 decreased 6% from last week to $9,911 (FREIGHTOS).
• ‌Port of Los Angeles: Vessels are currently averaging 4.4 days at berth. The port reported a 26.81% YOY increase in volume from 23 scheduled vessels during the week of November 1, 2026. For the week of November 8, container volumes are projected to increase 43.42% YOY, with 26 scheduled vessels expected to move about 132,338 TEUs (PORT SIGNAL).

Embargoes:

• There are no embargoes currently impacting our freight network