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Severe weather causes freight rates to slip

DAT Solutions

The highways are open now, but there are still flood warnings in six states: Nebraska, parts of neighboring South Dakota, Iowa, and Minnesota, plus eastern Arizona and western Mississippi. National Average Freight Rates. Memphis to Atlanta increased to $2.47/mi. Grand Rapids to Cleveland was down 29¢ to $3.85/mi.

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Spring surge delayed again

DAT Solutions

Flooding in the Midwest closed roads and rail lines, which will impact freight markets for weeks to come. National Average Freight Rates - March to-date. We may need to wait for April for real spring freight to hit. But despite all the bad news about weather and other disasters, freight volumes are actually up year-over-year.

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Spring Came Early in These Freight Markets

DAT Solutions

The number of loads available on the spot market last month was also up more than 100% compared to February 2016, which is a pretty good sign that the freight recession really is over. Rates got the biggest boosts out of Memphis, Atlanta and Seattle. Since the freight coming out didn’t pay very well, inbound lanes paid more.