Severe weather causes freight rates to slip

DAT Solutions

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. National Average Freight Rates. An abundance of capacity has caused van rates to move lower, even though freight volumes in 2019 are actually above previous years' levels.

How much lower will freight rates fall?

DAT Solutions

Freight rates have been in decline since the calendar flipped to 2019. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. Has money been a little tighter for your business lately? If you're a small carrier or owner-operator, you're not alone.

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Top 10 Freight Markets for Contract and Spot Freight

DAT Solutions

Current trends in freight can be explained by looking at the top ten contract markets by percentage of contract-spot mix. Top markets for van freight. For van freight, the top two contract markets are in southern California. 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. England depend on longhaul freight out of the West. Freight Rates

How Hurricane Florence affects freight

DAT Solutions

Big weather events like this usually affect the spot freight market in three stages. Before the storm , there’s urgency to move freight into the area or out of the way of the storm’s path. FEMA and other emergency responders will move freight to temporary warehouses just outside the storm zone, waiting until road conditions are stable. Some of those loads are already being tendered to freight brokers and 3PLs, who post them on DAT load boards.

How much lower will freight rates fall?

DAT Solutions

Freight rates have been in decline since the calendar flipped to 2019. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. Has money been a little tighter for your business lately? If you're a small carrier or owner-operator, you're not alone.

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. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 279 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions.

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. Freight RatesThe 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

End of Quarter Adds 11% to Van Demand

DAT Solutions

Albuquerque also has high load availability for vans, coupled with a shortage of trucks, as shown in this Hot States Map for the week of September 27 to October 3. Outbound rates edged up in Los Angeles, Dallas, Philadelphia and other major freight markets, however, as shippers rushed to move inventory before the quarter ended on Wednesday. Rates are derived from DAT RateView , and are based on actual rate agreements between freight brokers and carriers.

How Will ELDs and Christmas Affect Van Rates?

DAT Solutions

Late pushes to get freight in place before Christmas led to higher rates rose out of Buffalo and Allentown, PA. The distribution centers and warehouses in those markets serve the big population centers of the Northeast, so a lot of retail freight is being hauled to its final destination now. The biggest increase last week was on the lane from Columbus to Buffalo , which was up 31¢ to an average of $3.37/mile, as retail freight moved between two distribution hubs.

Spot van rates poised for a rebound

DAT Solutions

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. The rising trend will likely continue to generate additional freight volumes there and throughout the country as soon as spring arrives.

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. Rates were lackluster in the larger freight markets, however, as produce harvests wane and the back-to-school and Halloween merchandise has already been delivered to stores. Rates are derived from DAT RateView and are based on actual rate agreements between freight brokers and carriers.

Van Rates Respond to Seasonal Slowdown

DAT Solutions

Canadian freight has been accelerating into the U.S., 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.

Rates rise, but gains may be temporary

DAT Solutions

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 279 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions. Denver to Albuquerque jumped 28¢ to $2.35/mile. Elsewhere, the sharpest increase in freight activity were in Texas, where both Dallas and Houston look strong.

7-Week Streak of Higher Rates Ends – For Now

DAT Solutions

Denver to Albuquerque, NM , was down 33¢ to $2.04/mile. It could be a case of Columbus being out of inventory, given the extra activity that happened out of there following Hurricanes Harvey and Irma, which meant freight going into Buffalo had to be sourced elsewhere. Van spot market rates moderated last week, especially on the backhaul lanes where rates spiked two weeks ago.

Spot van rates poised for a rebound

DAT Solutions

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. The rising trend will likely continue to generate additional freight volumes there and throughout the country as soon as spring arrives.

Extra capacity takes a bite out of prices

DAT Solutions

Plus, freight moves are less urgent at this time of year, so prices down were across the country. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. Denver to Albuquerque was down 30¢ to $2.04/mile.

Spot Market Gets a Strong Start to May

DAT Solutions

Spot market van volumes slipped last week, with some energy sector freight leaving the van marketplace. Tomato harvests obviously equal more reefer freight, but processed and canned tomatoes in paste and sauces also lead to more van freight. 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.

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

DAT Solutions

As expected, there was also a slowdown in freight pricing in the second week of January. But higher fuel costs and winter weather, combined with strong post-holiday freight volumes, have kept prices up in a lot of places. 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.

Spot Market Seasonal Slowdown Begins. Sorta

DAT Solutions

Some of that demand could have been due to re-scheduling of contract freight after snow and ice shut down bridges and highway on-ramps. 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.

Van and Reefer Operators Give Thanks for Rate Increases

DAT Solutions

Other Hot Markets include Albuquerque, Grand Rapids and Little Rock. Rates are derived from DAT RateView and are based on actual rate agreements between freight brokers and carriers, in 65,000 point-to-point lanes throughout the U.S. 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.

Delayed Produce Could Lead to a Busy May

DAT Solutions

Van load counts were already up big last week, with an uptick in freight moving out of L.A. Denver to Albuquerque rose 10¢ for an average of 1.76/mile. Outbound averages fell in N ogales and Fresno , but that had more to do with a change in where the freight was going. 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.

Spot Truckload Rates Continue a Slow-and-Steady Climb

DAT Solutions

One more 9¢ drop: Denver to Albuquerque fell to $1.66/mile. Even though volumes were down in Florida , the wildfires and evacuations made it more expensive to move freight. 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.

Van Rates Surge 6¢, Reefers Add 1¢

DAT Solutions

Albuquerque, NM. Rates declined in Twin Falls, Dallas, Green Bay, and Atlanta, among other seasonal freight markets. Rates are derived from DAT RateView and are based on actual rate agreements between freight brokers and carriers. 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.

Miami 70

How Long Will Van Rates Stay This High?

DAT Solutions

Retail freight is expected to be more plentiful this year, and port traffic is way up. One of the few head haul lanes out of Denver is to Albuquerque , but even it was down 13¢ at $1.96/mile. The higher rates on the van lane from Chicago to Columbus led to rates falling on the return trip, but since Columbus is an outbound hub for freight to many other markets, you can put together a TriHaul that boosts your average rate per loaded mile.

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).

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. . He’s also the author of the blog, Critical Cargoes, where he encourages the industry to upgrade systems and leverage new technology to improve supply chain processes and reduce unnecessary freight spend. . Recent articles include the use of people-centered principles in moving freight, flexible shipping capabilities, which reflect her time with FreightWaves.