Arctic King Logistics

Arctic King is a premier logistics provider, specializing in dispatching carriers with temperature controlled equipment - reefers.

#trucking #dispatch #reefer

[Arctic King Logistics @_ArcticKing_]

Rates out of Miami increased for 7th week in a row, this time by $0.21/mile and are now at $2.15/mi on average, with a 41% increase in spot volume compared to the previous week.

Read more here: https://t.co/ucAjboQnch

[Sgt. Carey Huls @ISPSellersburg]

International Drive and I-265 following today’s storms. Crews are making quick work of reopening the roadways.

[Arctic King Logistics @_ArcticKing_]

According to the USDA, watermelons top the charts as the most shipped refrigerated commodity in refrigerated trucks from the Southeast region between April and July!

Read more here: https://t.co/ok1pmYu79y

[Ken Adamo @thefreightnerd]

Broker weighted average gross margin update for March 2024. Loads >=250 miles. Sequential change in parentheses.

Dry Van: 13.21% (+46bps) $257.30/load (+$6.74)
Reefer: 14.38% (+49bps) $427.65/load (+$13.90)
Flatbed: 13.80% (-86bps) $303.36/load (-$14.88)

Not much change from February to March, which is what most would expect given the stagnation of rates.

Sample Stats:
Shipments=673,887
Unique Accounts = 447
Shipper Sell = $1.51m
Carrier Buy = $1.31m

[Truck Parking Club 🚚 🅿️♣️ @Trukparkingclub]

Holy cow. Careful out there drivers!

[Arctic King Logistics @_ArcticKing_]

Florida's produce season is kicking off from Lakeland, but it's not official until we see loads from Georgia and South Carolina. Spot rates are expected to surge in mid-April which should tighten the capacity in the South East and increase the rates.

[Arctic King Logistics @_ArcticKing_]

@freightcaviar Send it over, I have Ford F-250.

[Arctic King Logistics @_ArcticKing_]

@thefreightnerd Ships will be redirected to Norfolk, Philadelphia, or Elizabeth because there's a bridge blocking their access to the ports. This means fewer shipments coming from Baltimore and more from nearby ports. However, the main problem will be congestion on other ports.

[Arctic King Logistics @_ArcticKing_]

In North Carolina, sweet potato production experiences two peaks. The main one occurs about a week before Thanksgiving, averaging around 21,000,000 lbs since 2018. The other peak typically falls around Easter with an average of about 18,000,000 lbs.

Read: https://t.co/0onbplImw3

[Arctic King Logistics @_ArcticKing_]

Traffic through Baltimore was already bad enough. But now...

[BNO News @BNONews]

BREAKING: Ship collides with Francis Scott Key Bridge in Baltimore, causing it to collapse

[Arctic King Logistics @_ArcticKing_]

Compelling chart illustrating the correlation between deadhead and rate per mile using our company's data!
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*Please note that this data is specific to our company, and may not reflect data from other companies.*

[Arctic King Logistics @_ArcticKing_]

@kidfreight Never understood that pitch. Unless they're asset-based, claiming the best rates doesn't add up. Rates hinge on market conditions, and most use platforms like DAT, leading to similar pricing. Maybe offering solutions and knowing what you actually do might be more effective...

[Arctic King Logistics @_ArcticKing_]

Map where blue dots represent the location of existing Fruit & Vegetables wholesale facility locations.

Data based on USDA 2007 research.

[Arctic King Logistics @_ArcticKing_]

In March, market dynamics shift as seasonality takes hold. Northern states see lower volume and rates, while the South sees an increase. This marks the start of the new season for most refrigerated carriers, lasting until July.

Read more here: https://t.co/rGcz8nzcOa

[Arctic King Logistics @_ArcticKing_]

@thefreightnerd Wow! 4 out of the bottom 5 are out of Florida!

Can you do that for the refrigerated side also, but include the volume factor in the equation?

[Arctic King Logistics @_ArcticKing_]

@thefreightnerd If we keep seeing fewer losses each month, it means the market will stay bad. I'd feel better if losses were higher compared to last month or last year.

[Arctic King Logistics @_ArcticKing_]

@thefreightnerd @freightcaviar Ken, one question. How does the subscription count affects DAT's L/T ratio? And are subscription levels fairly stable in the previous year?

[Arctic King Logistics @_ArcticKing_]

@freightcaviar @thefreightnerd This is the answer we got.

[Arctic King Logistics @_ArcticKing_]

I'm not feeling too optimistic about the Florida produce season.

Lettuce, Tomatoes, Cucumbers, Squash, Oranges, Eggplant, Beans, Corn, Peppers, Celery, Potatoes, Grapefruit and Tangerines were 21% down y/y in February. March is also down.

Read more here: https://t.co/8EHRvL2j0G

[Arctic King Logistics @_ArcticKing_]

Same period, but a difference of 270,320,000 pounds, equivalent to 7000 fewer FTLs of produce this year.