Van Market Update

van spot contract rates graphTo examine the van market outlook, we will look at:

  1. Demand shows us how many trucks the market needs to move freight.
  2. Rates illustrate how much the average owner-operator can expect to earn.

We will also examine four key economic indicators that directly impact the van market:

  1. Merchant Wholesalers
  2. Furniture and Household Furnishing Wholesalers
  3. Household Appliances, Electrical, and Electrical Goods Wholesalers
  4. Advanced Retail Sales Categories

Click the link below for the full Van Report

Van Market Update – 2023-04

Flatbed Market Update

flatbed spot contract rates graphTo examine the flatbed market outlook, we will look at:

  1. Demand shows us how many trucks the market needs to move freight.
  2. Rates illustrate how much the average owner-operator can expect to earn.

We will also examine four key economic indicators that directly impact the flatbed market:

  1. Total Construction Spending
  2. Highway and Street Construction Spending
  3. Housing
  4. Advanced Retail Sales: Building Materials

Click the link below for the full Flatbed Report

Flatbed Market Update – 2023-04

Reefer Market Update

reefer spot contract rates graphTo examine the reefer market outlook, we will look at:

  1. Demand shows us how many trucks the market needs to move freight.
  2. Rates illustrate how much the average owner-operator can expect to earn.

We will also examine three key economic indicators that directly impact the reefer market:

  1. USDA Average Refrigerated Truck Rates
  2. USDA Refrigerated Truck Volumes
  3. USDA Truck Availability Data

Click the link below for the full Reefer Report

Reefer Market Update – 2023-04

Trucking Market Update

logistics managers' index graphOOFI designed this update to help the owner-operator gain insight into the current conditions of today’s freight market. To do so, we will look at four key categories:

  1. Volume levels help us to see how much freight needs to be moved overall.
  2. Supply/Demand shows us how many trucks there are in the market and how many are needed.
  3. Rates illustrate how much the average owner-operator can expect to currently earn.
  4. Operating Costs depict the every-day expenses for the average owner-operator.

The bottom line: OOFI will breakdown each category and explain how they pertain to you as a small business owner.

Click the link below for the full Trucking Report

Trucking Market Update – 2023-04

Freight Market Update

manufacturing new orders graphWhile it’s good to know the current conditions of the freight market, it’s also important to understand what the future holds. OOFI designed this segment to examine some key economic factors that can impact the forthcoming market and thereby your bottom line.

To do so, we will look at four key categories:

  1. Consumer and Labor Conditions help us to see how much people are earning and spending.
  2. Manufacturing and Inventory is one of the primary movers and shakers when it comes to freight volumes.
  3. Ocean volumes are a good indicator of the amount of volume the market might expect downstream.
  4. Rail volumes are leading indicators for freight demand, and a primary driver of pressure on capacity.

The bottom line: OOFI will breakdown each category and explain how each one can potentially effect the overall freight market and thus how they pertain to you as a small business owner.

Click the link below for the full Freight Report

Freight Market Update – 2023-04

Monthly Market Update

For the sake of convenience, OOFI has separated our monthly market update into the five key markets above.

  • However, we have also included our full update below in case you would like to view our report in its entirety.

Click the link below for the full Monthly Report

Monthly Market Update – 2023-04

About our Market Update
The big picture: OOFI recently asked members if they were currently using economic analysis and information published by groups such as DAT, FreightWaves, the Cass Index, IHS Markit, etc., to which

  • 50% said no, and
  • 19% said they didn’t know such information was available.

However, 93% of members told us that they would desire this kind of information.

Why it matters: Understanding the current and future state of the freight market is critically important for an owner-operator to be successful.

  • It’s also important for those thinking about becoming an owner-operator.

Yes, but most of the economic information available today is either too costly or takes too much time to research.

The bottom line: OOFI recently started collecting and analyzing this information so that we might offer it free of charge as a monthly market update.

OOFI designed this update to help the owner-operator gain insight into the current conditions of today’s freight market. To do so, we will examine five key markets:

  1. Van Market
  2. Flatbed Market
  3. Reefer Market
  4. Trucking Market
  5. Freight Market

Go deeper: Our final segment includes all the market updates in one document.

How to read the report