Latest Posts

Home News Market Update 11.06.25

Market Update 11.06.25

News No Comments

Below, please see the latest market updates from across our carrier network. Please inform, consult, and educate your customers, prospects, and teammates on current market conditions.

 

Weather Updates:

  • Freeze protection services are active in AK and Northern Canada. For shipments containing freezable freight, freeze protection services should be added. Please note that this may result in additional charges and potential transit delays.
  • Currently there are no other potential risks of severe weather and no impacts to transit times or carriers expected over the weekend.

Small Parcel Updates:

  • Canada Post Issues: Canada Post continues nationwide rotating strikes with minor delivery delays continuing as both sides remain at the bargaining table. Additional negotiations occurred on November 3, but local businesses report ongoing disruption and continued reliance on private carriers as confidence in postal reliability remains low.

LTL Updates:

  • Rate Forecast: LTL contract rate forecasts were flat from last month at a 1.9% YOY increase for 2025. The 2026 outlook improved slightly, with rates projected to rise 3.0% YOY, compared to 2.8% previously reported.
  • Diesel Rates: National diesel prices increased by $0.035 from last week, averaging $3.753 per gallon, which is $0.217 higher than last year. The Rocky Mountain region and California were the only markets to decrease, down $0.010 to $3.676 and $0.001 to $4.933.

TL Updates:

  • Rate Forecast: Spot rates degraded in October to a 1.5% YOY decrease while contract rates slipped from 1.3% to 0.8%. The 2026 total truck rates outlook recovered further from last month’s 1.4% YOY increase to 1.8%.
  • Market Activity: Spot load posts are down 4.0% from last week, and spot truck posts decreased by 5.4%. The Load-to-Truck Ratio (LTR) was down for reefers while up for vans and flatbeds.
  • Outbound Tender Rejection Index (OTRI): The OTRI showed small gains on the week with van and flatbed increasing while reefer showed a slight decrease. The OTRI currently sits at 6.16, up slightly from last week’s 6.07.
  • ‌‌Dry Van: National van demand increased by 6.6% to a 6.42-1 LTR nationally, with the highest demand spread across most the United States, other than CA, IL, MI, NE, NH, OK and TN, exceeding 5.5+ to 1 LTR. The spot rate per mile (RPM) for dry vans is up $0.02 from October, averaging $2.09 nationally, with the Midwest holding the highest RPM at $2.27. VOTRI saw a slight uptick on the week.  The VOTRI is at 5.66, up from last week’s value of 5.46.
  • Dry Van Rate Forecast: 2025 loadings are projected to decline 0.4%, down further from last month’s 0.3% decrease forecasted. The 2025 dry van spot rate forecast fell to a 0.6% increase, while total truck rates (spot and contract) fell to a 0.7% increase YOY excluding fuel for 2025. The 2026 dry van total truck rate outlook shows up from last month to a 1.6% increase YOY.
  • ‌Flatbed: National flatbed demand increased by 1.2% to a 23.37-1 LTR, with the highest demand in the West, the Southeastern States, parts of New England, IN, MN, MT and SD at over 18+ to 1 LTR. The flatbed spot RPM is up $0.09 from October, averaging $2.60 nationally, with the Southeast holding the highest RPM at $2.67. FOTRI was the biggest mover this week.  The FOTRI jumped to 11.85, up from last week’s value of 10.46.
  • Flatbed Rate Forecast: The outlook for 2025 loadings remained relatively flat at a 2.2% increase YOY. The flatbed spot rate forecast improved from 2.1% to a 2.2% increase for 2025, while total truck rates climbed to a 1.6% increase excluding fuel YOY. The 2026 flatbed total truck rate outlook increased from last month, showing a 1.5% increase YOY.
  • ‌‌Reefer: National reefer demand decreased by 7.4% to a 11.35-1 LTR nationally, with the highest demand in the Midwest and Northwestern states, AR, CO, IN, ME, MI, MS, MT, NM and lower New England at over 12+ to 1 LTR. The spot RPM for reefers is flat from October, averaging $2.48 nationally, with the highest rates in the Midwest at $2.85. ROTRI stabilized after consecutive weeks of 1.5+ point increases. The ROTRI currently sits at 16.27 compared to last week’s value of 16.47.
  • ‌Reefer Rate Forecast: The 2025 outlook for reefer loadings is down slightly from last month to a 0.6% increase YOY. The reefer spot rate forecast degraded from last month to a 0.1% increase for 2025, while total truck rates also declined to a 0.6% increase YOY excluding fuel for 2025. The 2026 reefer total truck rate outlook shows a 2.6% increase YOY.

International Updates:

  • FBX Trends: Container rates were up and down from last week with the average cost of an FBX01 container down 1% to $1,999, and the FBX global container average increased 1% to $1,883. The FBX03 increased 4% from last week to $3,628.
  • Port of LA: The port reported a 7.08% YOY volume decrease from 16 scheduled vessels during the week of November 2, 2025. For the week of November 9, volume is projected to increase 29.27% YOY, with 20 scheduled vessels moving 106,133 TEUs.

Embargoes:

There are no embargoes currently impacting our freight network.