Growth in refrigerated rates remains stable
September 1, 2011
The refrigerated market has been showing rate gains of right around 7% for the last 9 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 during Q3, then it will drop below 3% year-over-year growth going into 2012 and remain near 5% for the first half of 2012. When regulatory impacts emerge in mid-2012 rate gains should then surge to above 8%.
Refrigerated rates fell 9.0% in 2009 and only rebounded 0.7% in 2010. We anticipate seeing rates rising 5.7% in 2011, 5.5% in 2012, and 7.7% in 2013.
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