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Market Update 4.10.26

Weather Updates:

  • Freeze protection services are currently in effect across Northeastern Canada. Shipments containing temperature‑sensitive freight should have freeze protection service added. Please note that this service may incur additional charges and could impact transit times.

‌Small Parcel Updates:

  • ‌Partnership Reduction: Amazon reached a revised agreement with the U.S. Postal Service that trims its USPS parcel volume by roughly 20% while keeping the partnership largely intact. USPS will still deliver more than 1 billion Amazon packages annually, supporting postal revenue and preserving Amazon’s access to USPS’s critical rural delivery network.
  • ‌Surcharge Adjustments: Amazon, UPS, and FedEx are rolling out fuel related pricing adjustments as elevated costs continue to pressure transportation networks. Amazon is introducing a 3.5% fuel surcharge for third‑party sellers, while UPS and FedEx are modifying fuel surcharge structures that move with diesel prices. These measures are stated to be temporary, similar to USPS’s short‑term fuel surcharge approach to recovering higher transportation costs.

LTL Updates:

  • ‌Diesel Rates: National diesel prices increased, up $0.242 from last week, averaging $5.643 per gallon, $2.004 higher than the same time last year, and $1.582 higher than two years ago. The California region saw the largest increase, up $0.348 to $7.567 per gallon.

TL Updates:

  • Outbound Tender Rejection Index (OTRI): OTRI pulled back this week, declining to 13.74 from 14.94, signaling a notable easing in overall truckload capacity following the recent run-up. The decline was driven primarily by a sharp correction in flatbed rejections, with refrigerated rejections also moving lower and contributing to the softer aggregate reading, while van rejection rates remained relatively stable week over week. This shift suggests that some of the temporary tightness associated with quarter-end shipping activity has faded, allowing capacity to rebalance across networks. Additionally, although produce season had applied upward pressure on refrigerated demand in prior weeks, the recent drop in reefer rejections may indicate that capacity has repositioned effectively into key growing regions, tempering near-term tightness. Overall, the market appears to be moving toward a more balanced state, with rejection levels still elevated relative to earlier in the year but no longer accelerating at the same pace.
  • ‌‌Market Activity: Spot load postings declined 10.8% week over week, while spot truck postings increased 3.6%. The Load-to-Truck Ratio (LTR) decreased across van, flatbed, and reefer equipment types. Meanwhile, the FreightWaves Pricing Power Index rose to 70, signaling a carrier-favorable market. The last time the index reached this level was March 2022.
  • ‌Dry Van: National dry van demand softened significantly, declining 15.9% to an 8.5:1 LTR. The highest demand is broadly distributed across the U.S., excluding CA, IL, MI, ND, and NE, where LTRs exceed 5.5:1. National dry van spot rates increased $0.21 per mile from March to $2.73, led by the Midwest at $2.84. The VOTRI increased slightly to 14.31 from 14.28 last week.
  • Flatbed: National flatbed demand fell 12.3% to a 71.6:1 LTR. Elevated demand is spread across most of the U.S., excluding ND, with markets exceeding an 18:1 LTR. National flatbed spot rates climbed $0.34 per mile from March to $3.43, led by the Southeast at $3.42. The Flatbed Outbound Tender Rejection Index (FOTRI) experienced a sharp decline, falling to 35.58 from 48.63 the prior week.
  • Refrigerated: National reefer demand decreased 15.3% to a 16.0:1 LTR. The strongest demand is broadly distributed across the U.S., excluding CT, FL, IL, MA, MD, MN, NE, NH, and RI, where LTRs remain above 12:1. National reefer spot rates increased $0.22 per mile from March to an average of $3.20, led by the Midwest at $3.37. The Reefer Outbound Tender Rejection Index (ROTRI) declined to 17.48 from 20.71 the previous week.

‌International Updates:

  • FBX Trends: Lane‑specific container rates continued to rise week over week, with the global FBX average increasing 3.0% to $1,817. The FBX01 average rose 11% to $2,420, while FBX03 increased 5% to $3,350.
  • Port of Los Angeles: Vessels are currently averaging 3.5 days at berth. The port reported a 4.28% YOY decrease in volume from 20 scheduled vessels during the week of April 5, 2026. For the week of April 12, container volumes are projected to decline 14.17% YOY, with 18 scheduled vessels expected to move approximately 97,537 TEUs.

Embargoes:

There are no embargoes currently impacting our freight network.