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Severe weather causes freight rates to slip

DAT Solutions

A huge snowstorm in Denver last week closed three interstate highways: I-25, I-70 and I-76. National Average Freight Rates. In March so far, volumes are no better than February, and since capacity has been abundant, rates continue slipped. Road closures isolated Denver from parts of the supply chain last week.

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Extra capacity takes a bite out of prices

DAT Solutions

That extra capacity cut the national van load-to-truck ratio nearly in half. Plus, freight moves are less urgent at this time of year, so prices down were across the country. Denver to Houston was up 13¢ to $1.37/mile. Denver to Albuquerque was down 30¢ to $2.04/mile.

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

DAT Solutions

West Coast van freight heated up last week, especially in the Los Angeles market. In mid-September, we were focused on evacuating the Carolinas and diverting trucks and freight away from Hurricane Florence. loads per truck, with areas of tighter capacity along the West Coast. Denver to Albuquerque got a 7¢ increase, to $2.18/mile.

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Rates rise, but gains may be temporary

DAT Solutions

Truckload capacity remained tight during the first week of 2019, and national average rates increased 3¢ for vans, reefers and flatbeds. That pushed the load-to-truck ratio up 6%, signaling that demand outpaced truckload capacity. The three largest price increases last week came out of Denver.

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7-Week Streak of Higher Rates Ends – For Now

DAT Solutions

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. pushed rates up 22¢ on the lane to Denver , averaging $2.97/mile Denver to Chicago was also up 19¢ to $1.31/mile

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How Long Will Van Rates Stay This High?

DAT Solutions

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. Retail freight is expected to be more plentiful this year, and port traffic is way up. Denver to Stockton rates were down 13¢ at $1.31/mile, How much longer is that going to last?