Florida produce lane rates surge

Why it matters

The late produce season in Florida is putting pressure on available trucks, driving up spot rates as shippers compete for capacity. Fuel price increases are compounding the issue, further raising the overall cost to move goods from Florida to the Midwest. Shippers reliant on Florida produce are likely feeling the pinch, potentially leading to higher prices for consumers. Brokers are scrambling to find capacity, and smaller carriers may benefit from the increased rates if they can secure the loads. Keep an eye on the Des Moines market; if rates hold, it could signal similar increases in other produce lanes. Monitoring fuel prices along I-75 and I-80 will be crucial for managing costs on these routes.

Key numbers

• Spot rates for Plant City, FL to Des Moines, IA jumped due to a late produce season and fuel price spikes, potentially exceeding $3,000 in May.
• Monitoring fuel prices along I-75 and I-80 will be crucial for managing costs on these routes.

What happens next

• Brokers are scrambling to find capacity, and smaller carriers may benefit from the increased rates if they can secure the loads.
• Keep an eye on the Des Moines market; if rates hold, it could signal similar increases in other produce lanes.
• Monitoring fuel prices along I-75 and I-80 will be crucial for managing costs on these routes.

Sources

• IA jumped

Quick answers