Market Commentary
April’s refrigerated market saw an early-month rate surge driven by tight capacity and elevated diesel costs, followed by modest softening late in the month. Texas produce remained strong post-peak, while California began ramping.
Looking ahead, May should bring renewed upward pressure on rates, fueled by Mother’s Day demand, DOT Blitz inspections, and Memorial Day tightening capacity.
Market Commentary
April opened with a sharp increase in refrigerated rates, with notable spikes across key west-to-east corridors. This was largely driven by tightening capacity and continued volatility in diesel pricing, which elevated carrier operating costs and pushed rate floors higher.
Texas produce volumes remained resilient even after the traditional March peak, sustaining outbound demand longer than typical seasonal patterns. At the same time, the California produce season began to ramp, gradually shifting capacity westward and setting the stage for the next major freight cycle.
By the latter half of April, the market showed signs of normalization, with some rate softening as capacity briefly caught up to demand. However, this easing appears temporary.
Looking ahead to May, multiple demand catalysts are expected to re-tighten the market. Mother’s Day floral and produce shipments, the DOT Blitz (May 12–14) reducing available capacity, and Memorial Day freight surges will likely drive another round of rate increases, particularly on long-haul refrigerated lanes. Read more here on how to prepare for volatility.
Lane Rate Progression
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