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Severe weather causes freight rates to slip

DAT Solutions

Denver to Albuquerque, NM increased to $2.07/mi. Spot market rates, however, have slipped lower in seven of the last eight weeks, waiting on California and Florida produce to pull them higher. That led to an increase on the lane from Seattle to Salt Lake City , as an alternative to bringing in supplies from Denver. Falling Rates.

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Delayed Produce Could Lead to a Busy May

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Denver to Albuquerque rose 10¢ for an average of 1.76/mile. After interruptions caused by recent wildfires, produce was shipping out of Florida again, and the biggest rate increases were on lanes leaving the state: Miami to Northern New Jersey reefer rates were up 17¢ to $2.26/mile. Most changes were slight, though.

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Spot Truckload Rates Continue a Slow-and-Steady Climb

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One more 9¢ drop: Denver to Albuquerque fell to $1.66/mile. Reefer load counts were way down out of Florida , but that’s likely due to the recent wildfires in the area. Even though volumes were down in Florida , the wildfires and evacuations made it more expensive to move freight. Houston to OKC dropped 9¢ to $1.80/mile

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

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Meanwhile, less than a month after Florence and Mangkhut, Hurricane Michael slammed into the Gulf Coast of Florida. Denver to Albuquerque got a 7¢ increase, to $2.18/mile. Changes in the ratio often signal impending changes in freight rates. Michael was a mightier storm, but it had little direct impact on West Coast freight.

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Rates rise, but gains may be temporary

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Denver to Albuquerque jumped 28¢ to $2.35/mile. Nogales, AZ has been hot for freight, as well as Lakeland in central Florida. Denver is a big beer producing market, with both large production breweries and smaller craft brewers shipping beer in vans and reefers. Denver to Oklahoma City gained 21¢ to $1.41/mile.

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Van and Reefer Operators Give Thanks for Rate Increases

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Other Hot Markets include Albuquerque, Grand Rapids and Little Rock. Florida is up, the Northeast is down, and fresh turkeys are ready to roll out of Arkansas in time for Thanksgiving. Twin Falls continues to offer an abundance of loads, coupled with a slight shortage of trucks.

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Van Rates Surge 6¢, Reefers Add 1¢

DAT Solutions

Sure, there are some exceptions, including all those dead-end markets in the Mid-Atlantic region and Florida, plus a couple of Southwestern states. Albuquerque, NM. Hot States were everywhere in last week's map of van load-to-truck ratios by state. That combination boosted the load-to-truck ratio 33%, to 5.7 loads per truck.

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