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Severe weather causes freight rates to slip

DAT Solutions

Denver to Albuquerque, NM increased to $2.07/mi. Philadelphia to Miami fell 22¢ to $1.96/mi. That led to an increase on the lane from Seattle to Salt Lake City , as an alternative to bringing in supplies from Denver. Seattle to Salt Lake City moved up to $1.90/mi. Memphis to Atlanta increased to $2.47/mi. Falling Rates.

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How much lower will freight rates fall?

DAT Solutions

Rates out of both Philadelphia and Allentown, PA , were up 3%. 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. That said, rates out of most of the major markets are well below where they were a month ago.

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Rates rise, but gains may be temporary

DAT Solutions

Denver to Albuquerque jumped 28¢ to $2.35/mile. Also, Allentown, PA, and Philadelphia declined, as e-commerce season has mostly subsided for now. Atlanta to Philadelphia declined 20¢ to $2.31/mile. Last week the lane from Atlanta to Philadelphia rose 50¢ to $3.19/mile. mile – still a decent rate.

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How much lower will freight rates fall?

DAT Solutions

Rates out of both Philadelphia and Allentown, PA , were up 3%. 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. That said, rates out of most of the major markets are well below where they were a month ago.

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Spot Market Seasonal Slowdown Begins. Sorta

DAT Solutions

Philadelphia hit an all-time high last week, with the average outbound rate jumping up to $2.43/mile. Philadelphia to Boston rates rose 35¢ to an average of $3.40/mile, Denver to Albuquerque, NM, rates dropped 43¢ to $2.49/mile. Atlanta to Philadelphia was down 21¢ to $2.63/mile. RISING LANES.

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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.

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Spot Truckload Rates Continue a Slow-and-Steady Climb

DAT Solutions

Dallas, Philadelphia and Stockton, CA , each posted the biggest gains in terms of outbound rates, so the gains weren’t tied to any specific region. The average rate on each of these lanes hit their highest marks for the past 6 weeks: Philadelphia to Boston jumped up 27¢ to $3.34/mile. loads per truck.

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