Manufacturing Surge Signals Strong Demand Ahead for Dry Van Carriers

Key Details The ISM Manufacturing PMI hit 52.7% in March, marking the third consecutive month of expansion and the strongest reading since August 2022. New Orders climbed to 53.5% while Production reached 55.1%, both showing consistent growth that directly translates to increased freight demand for carriers and brokers. Why It Matters Manufacturing activity is a primary driver of dry van and flatbed loads. Three straight months above the 50-point threshold signals a sector actively generating shipping volumes that benefit your bottom line. The Caution Flag While demand is solid, manufacturer confidence is softening. Positive-to-negative sentiment dropped from a 2-to-1 ratio in February to 1-to-1 in March, meaning shippers are hedging their growth outlook heading into Q2. Spot Rate Momentum National 7-day dry van linehaul rates jumped $0.12 per mile over two weeks, with a $0.07 spike last week alone. The current rate of $2.04 per mile (excluding fuel) is 24% above year-ago levels and 21% higher than the five-year average. Top 50 lanes averaged $2.40 per mile while Midwest rates hit $2.44 per mile. Load Availability The load-to-truck ratio dipped to 8.96 after a month-end surge, but load volumes remain exceptionally high. This correction is normal, and freight availability continues to support active operations.