Reefer rates are growing, outlook is slightly less robust
June 7, 2011
The refrigerated market has been showing rate gains of right around 7% for the last 5 months. Rates were less negative during the downturn, but were also one of the last segments to turn positive. We expect pricing to stay near this level for most of the remainder of 2011, then it will drop below 5% yy growth into 2012. When regulatory impacts emerge in mid-2012 rate gains should once again near the double-digit mark.
Refrigerated rates fell 9.0% in 2009 and only rebounded 0.7% in 2010. We anticipate seeing rates rising 6.3% in 2011, 4.5% in 2012, and 5.2% in 2013.
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