Severe weather causes freight rates to slip

DAT Solutions

Denver to Albuquerque, NM increased to $2.07/mi. Just as rates were about to turn around, they took another hit last week. Extreme weather closed highways and forced cancellations and delays. A huge snowstorm in Denver last week closed three interstate highways: I-25, I-70 and I-76. In Nebraska, snow followed by rain led to “historic flooding” that shut down traffic on I-80.

How much lower will freight rates fall?

DAT Solutions

The lane from Denver to Albuquerque is still one of your best bets for getting out of Colorado, but that lane lost 15¢ last week at $1.88/mile. Has money been a little tighter for your business lately? If you're a small carrier or owner-operator, you're not alone. Freight rates have been in decline since the calendar flipped to 2019. Prices are typically down during this part of winter, but there are signs that rates could thaw soon.

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Looking for a Reefer Load? Try These 5 Markets

DAT Solutions

Albuquerque, NM, has been lighting up the Hot Market Map for a few weeks now. So if you take a load to Albuquerque from L.A. The national reefer rate average lost 5¢ last week, but there are still pockets in the country where reefer demand remains high. Below are five markets where you can find a reefer load fast and make a nice profit. Each is in the top 20 for load posts and has load-to-truck ratios well above the national average of 3.9 loads available per truck.

How much lower will freight rates fall?

DAT Solutions

The lane from Denver to Albuquerque is still one of your best bets for getting out of Colorado, but that lane lost 15¢ last week at $1.88/mile. Has money been a little tighter for your business lately? If you're a small carrier or owner-operator, you're not alone. Freight rates have been in decline since the calendar flipped to 2019. Prices are typically down during this part of winter, but there are signs that rates could thaw soon.

How Hurricane Florence affects freight

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When disaster strikes, trucks are needed to get emergency supplies where they're needed most.

L.A. freight gets a tailwind from hurricanes and typhoons

DAT Solutions

Denver to Albuquerque got a 7¢ increase, to $2.18/mile. West Coast van freight heated up last week, especially in the Los Angeles market. Blame the weather. Even from a great distance, three September storms had an impact on California cargo in mid-October.

Spot van rates poised for a rebound

DAT Solutions

Denver to Albuquerque recovered 12¢ to $2.00/mile, after a sharp drop in the previous week. We're still deep in the slow season, but spot market trends are actually running about a month ahead of schedule. There's been seasonal weakness, but we're already seeing volumes firming up, which is something we don't usually expect until mid-March. In other words, rates are gearing up for a rebound.

Van Rates Respond to Seasonal Slowdown

DAT Solutions

The biggest declines was out West, though: Denver to Albuquerque, NM , fell 35¢ to $2.18/mile. Van rates continued to moderate last week, and van load posts declined as we moved into February. Prices are still above the peak for 2017, but the extreme highs in the van segment are declining as we transition into what is usually the slowest month on the spot market.

How Will ELDs and Christmas Affect Van Rates?

DAT Solutions

Denver to Albuquerque, NM has been trending up in recent weeks, and the average rate rose another 17¢ at $2.33/mile. Before this week, the spot market had been a bit calmer in December compared to November. Dry van volumes were pretty similar last week to the week before, and rates settled down from the peaks we saw around Thanksgiving. We'd normally expect rates to decline steadily from now until early March. In recent years, e-commerce has kept rates high through early January.

Reefer Demand Cools, Except in a Few Hot Spots

DAT Solutions

Albuquerque continues to offer high load availability for reefers, coupled with a shortage of trucks. Demand for reefers slipped 13% on the spot market last week, following an end-of-quarter surge in the previous week, and truck capacity added 2%. That combination led to a 15% decline in the national average load-to-truck ratio, from 4.6 loads per truck on DAT Load Boards. The demand turned New Mexico into a Hot State, as shown in this map for the week of October 4 - 10.

7-Week Streak of Higher Rates Ends – For Now

DAT Solutions

Denver to Albuquerque, NM , was down 33¢ to $2.04/mile. Van spot market rates moderated last week, especially on the backhaul lanes where rates spiked two weeks ago. The looser truckload capacity led to lower national averages for van and reefer rates, interrupting what had been seven straight weeks of increases. But capacity is only "loose" when compared to recent weeks. As you can see in the Hot States Map below, trucks are still in high demand across many parts of the country.

Spot van rates poised for a rebound

DAT Solutions

Denver to Albuquerque recovered 12¢ to $2.00/mile, after a sharp drop in the previous week. We're still deep in the slow season, but spot market trends are actually running about a month ahead of schedule. There's been seasonal weakness, but we're already seeing volumes firming up, which is something we don't usually expect until mid-March. In other words, rates are gearing up for a rebound.

When Opportunity Knocks, Say YES!

Supply Chain Nation

She grew up in cities around the world until her father retired and her family settled in Albuquerque, New Mexico, where she graduated high school and went on to earn an Accounting degree from the University of New Mexico. On Wednesdays, Supply Chain Nation will shine a light on the role of women in the world of technology and supply chain.

Extra capacity takes a bite out of prices

DAT Solutions

Denver to Albuquerque was down 30¢ to $2.04/mile. A lot of us in the trucking industry had to do something last week that we haven't had to do in a while — work a full, five-day week. Of course, for a lot of trucking companies, the work week can easily last six or seven days, but either way, one thing that the activity on the DAT Load Board told us last week was that pretty much everyone was back to working full time.

Rates rise, but gains may be temporary

DAT Solutions

Denver to Albuquerque jumped 28¢ to $2.35/mile. Truckload capacity remained tight during the first week of 2019, and national average rates increased 3¢ for vans, reefers and flatbeds. However, rates declined on many of the highest volume lanes, so increases in the national averages could be temporary. Lower diesel prices and declining fuel surcharges may also counteract future rate increases.

When Opportunity Knocks, Say YES!

Supply Chain Nation

She grew up in cities around the world until her father retired and her family settled in Albuquerque, New Mexico, where she graduated high school and went on to earn an Accounting degree from the University of New Mexico. On Wednesdays, Supply Chain Nation will shine a light on the role of women in the world of technology and supply chain.

Top 10 Freight Markets for Contract and Spot Freight

DAT Solutions

For the markets with the highest ratio of contract freight to spot market freight you will find Albuquerque, NM, Flagstaff, AZ, and San Diego, CA. Current trends in freight can be explained by looking at the top ten contract markets by percentage of contract-spot mix. For the last six weeks, rates have been sliding on the spot market despite strong volumes for the January-February period. The culprit may well be weakness in contract markets in the Southwest region of the United States.

Spot Market Seasonal Slowdown Begins. Sorta

DAT Solutions

Denver to Albuquerque, NM, rates dropped 43¢ to $2.49/mile. Spot market demand tends to slow down in the middle of January, so it wasn’t surprising that load posts on DAT load boards edged down 4% last week. It was actually the first decline since mid-November that wasn’t related to a shorter work week because of a holiday. Meanwhile, truck posts were up another 5%, following the big surge in posts we saw in the week before.

Load-to-Truck Ratios Drop for First Time Since ELD Mandate

DAT Solutions

Denver to Albuquerque added 25¢ at $2.92/mile. Load posts on the DAT Network have risen steadily since the second week in November, and they were up another 17% last week. What is different, though, is that truck posts surged 52% last week, which was the first full work week after the holidays. Many truckers took extended vacations, beginning December 18 when the ELD mandate went into effect. That's not a coincidence.

Van Rates Adjust to Changing Holiday Demand

DAT Solutions

One of the few headhaul lanes out of Denver is to Albuquerque, NM , and it gained10¢ to $2.16/mile. Demand on the spot market had been surging as we headed into December, after record-high rates and load-to-truck ratios throughout November. Last week was a little quieter. The number of loads posted on DAT load boards came down from the previous week’s peak, falling 10% in what could be a lull between holidays.

Van and Reefer Operators Give Thanks for Rate Increases

DAT Solutions

Other Hot Markets include Albuquerque, Grand Rapids and Little Rock. Thanks in part to seasonal food items, rates are finally trending back up for vans and reefers. Late harvests are beginning the journey to your Thanksgiving table, via food processing plants and distribution centers. One result: this week's "hot" markets for van and reefer loads include agricultural areas, specifically the origin points for potatoes, onions, fresh vegetables and poultry products.

Reefer Freight Market Still Has a Few Hot Spots

DAT Solutions

These "hot markets" may pay above-average rates for reefers: Albuquerque, NM; Lubbock, TX; Fayetteville, AR; Memphis and Nashville, TN; Cape Girardeau, MO; and Evansville, IN. July is the in-between season for refrigerated ("reefer") freight. The go-to markets in California and Texas are quiet, and hauls into Florida are mostly dead-end runs.

Spot Market Gets a Strong Start to May

DAT Solutions

Denver to Albuquerque has been more up-and-down than usual, and last week it fell 10¢ for an average of $1.64/mile. Early May brought higher spot market rates for each trailer type. For vans and reefers , the national averages were the highest they've been since January at $1.70/mile and $1.97/mile respectively. For flatbed , the national average was the highest it's been in nearly two years at $2.09/mile.

Delayed Produce Could Lead to a Busy May

DAT Solutions

Denver to Albuquerque rose 10¢ for an average of 1.76/mile. The end of the month didn’t bring the upward bump that we typically see when shippers try to move goods before closing their books. Severe weather might have played a part, with storms and flooding across East Texas and many southern states. We’re hearing a lot about shipping gaps in California due to delays in planting because of an unusually wet winter, which explains the flat reefer volumes last week.

Spot Truckload Rates Continue a Slow-and-Steady Climb

DAT Solutions

One more 9¢ drop: Denver to Albuquerque fell to $1.66/mile. For van rates , rising lanes continue to outnumber falling lanes on a week-to-week basis, but it’s been a slow, long-term trend. Trucks are still relatively easy to find in some parts of the country, which has put a speed limiter on rising rates. Load-to-truck ratios are highest for vans in the darker red areas on the Hot States Map above. Top 5 for van load posts on DAT load boards last week. Atlanta 2. Charlotte 3.

Van Rates Surge 6¢, Reefers Add 1¢

DAT Solutions

Albuquerque, NM. Van rates jumped 6¢ last week, prompted by a 49% increase in load posts on DAT load boards. There was an 11% increase in truck posts, week over week, so the load-to-truck ratio advanced 32%, from 2.1 loads per truck. Because last week was a full work week, and the week before included Thanksgiving, the additional work day would be expected to generate a 20% to 25% increase in all load board activity.

Miami 70

How Long Will Van Rates Stay This High?

DAT Solutions

One of the few head haul lanes out of Denver is to Albuquerque , but even it was down 13¢ at $1.96/mile. Spot market volumes got a bump at the end of October, and those load counts held steady heading into the first week of November. The tight capacity pushed spot market van rates higher across much of the country, as prices rose on 58 of the top 100 van lanes. For more than a month now, rates have averaged above $2.00/mile, which is way higher than usual for this time of year.

Three Biggest Mistakes Made by Small Trucking Companies

Tailwind

Now while I can’t help you move freight from Des Moines to Albuquerque, through my trucking software work, I’ve had a chance to learn about some of the biggest mistakes small trucking companies make, and more importantly, how to avoid them. Three Biggest Mistakes Made by Small Trucking Companies So you run a trucking company—good on you! You are one of the brave that keeps the country moving (literally and figuratively).

‘Truckemon Go’ trucking software app

Tailwind

I don’t like it at all,” said Sheriff Wally Locker of the Albuquerque police department. “We “Look… I just found a Load over by the hockey arena!”. And with those words Harold Wicks kicked his 2023 Peterbuilt into gear and drove quickly to pick up his load ahead of the four other big rigs trying to catch up with him. That’s the third load I found this week!’ said Wicks with great enthusiasm. It wasn’t a real load though – it was something quite new to the world of trucking.

The Top Logistics and Supply Chain Journalists & Thought Leaders to Know for 2020

Shipchain

His works have been published in The Cincinnati Enquirer, the Albuquerque Journa,l and Sun-Sentinel. . Knowledge is power in the world of supply chain management, and every company is searching for the next best way to save money and meet consumer demand. While you could turn to the troves of the internet for information, it helps to know which journalists and publications to trust.