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

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

Overall Trucking 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 look at four key categories:

  1. Volume levels help us to see how much freight needs to be moved overall.
  2. Demand shows us how many trucks the market needs to move said volume.
  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 – 2022-08

Van Market Update

The trucking industry consists of several different types of operations and segments. While one size certainly doesn’t fit all, market analysts typically breakdown the industry into three main sectors based on trailer type: Van, Flatbed, and Reefer.

It’s good to know the current conditions of the freight market, but it’s also important to understand what the future holds, especially for your segment of the industry.

To 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. Retail Sales
  2. CPI
  3. E-commerce
  4. Advanced Retail Sales Categories

Click the link below for the full Van Report

Van Market Update – 2022-08

Flatbed Market Update

The trucking industry consists of several different types of operations and segments. While one size certainly doesn’t fit all, market analysts typically breakdown the industry into three main sectors based on trailer type: Van, Flatbed, and Reefer.

It’s good to know the current conditions of the freight market, but it’s also important to understand what the future holds, especially for your segment of the industry.

To 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 van market:

  1. Total Manufacturing
  2. Construction Materials and Supplies Manufacturing
  3. Housing
  4. Advanced Retail Sales: Building Materials

Click the link below for the full Flatbed Report

Flatbed Market Update – 2022-08

Reefer Market Update

The trucking industry consists of several different types of operations and segments. While one size certainly doesn’t fit all, market analysts typically breakdown the industry into three main sectors based on trailer type: Van, Flatbed, and Reefer.

It’s good to know the current conditions of the freight market, but it’s also important to understand what the future holds, especially for your segment of the industry.

To 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 four key economic indicators that directly impact the van market:

  1. USDA Average Refrigerated Truck Rates
  2. USDA Refrigerated Truck Volumes
  3. USDA Truck Availability Data
  4. Advanced Retail Sales: Food Services and Drinking Places

Click the link below for the full Reefer Report

Reefer Market Update – 2022-08

Overall Freight Market

While 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 many people are working and how much they are spending.
  2. Manufacturing is one of the primary movers and shakers when it comes to freight volumes.
  3. Construction is a good indicator of the amount of flatbed volume the market might expect downstream.
  4. Ocean and 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 Overall Report

Overall Freight Market – 2022-08

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 – 2022-08