Flatbed Market Update – May 2021
Key industries for the flatbed market are experiencing high demand. Against a fleet that does not historically grow as fast as the broader van market, we recommend additional lead time on orders to gain the best cost and performance opportunities.
- Housing: Strong growth supporting new construction and lumber for the do it yourself (DIY) retail sector.
- Oil and gas: With oil prices rising, increased project activity in well fields brings in piping, rigging, and pumps.
The first H1 2021 demand exceptional high against stagnant supply puts the current DAT load to truck spot market ratio at 79:1 against a five-year average of 29:1.
ChainLink Solutions will continue to monitor all market trends and forces to provide customers the best possible logistics solutions to exceed all expectations and deliver on-time, in-full services. Please reach out to us directly or by email to receive a quote or service packet.