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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. Seattle to Salt Lake City moved up to $1.90/mi. Seattle to Salt Lake City moved up to $1.90/mi.

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Outbound Tender Rejections Increase for the First Time Since March Peak

Zipline Logistics

Currently, this has not made a substantial impact on the freight market, but we are seeing signs that the industry is beginning to recover. Additionally, according to Freight Waves, “outbound tender rejections have increased week-over-week for the first time since the OTRI peaked at 19.25% on March 28.”. Southeast Logistics.

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Logistics Market Stays Flat as May Begins

Zipline Logistics

To effectively track each state’s progress in reopening and how freight is impacted, we will publish a market update for the coming weeks as the country eases out of lockdowns. . Increases in volumes started climbing this week steadily but still down 10-15% year-over-year according to Freight Waves’ Sonar indexes. .

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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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Is the spot market sputtering or stabilizing?

DAT Solutions

Reefer volumes have fallen, though, and that's also kept van rates in check since reefer trucks compete for van freight during slow periods. Almost all lanes out of Seattle had falling prices: Seattle to Spokane returned to its prior level, dropping 30¢ to $3.24/mile. Seattle to Salt Lake City fell 17¢ to $1.70/mile.

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Is the spot market sputtering or stabilizing?

DAT Solutions

Reefer volumes have fallen, though, and that's also kept van rates in check since reefer trucks compete for van freight during slow periods. Almost all lanes out of Seattle had falling prices: Seattle to Spokane returned to its prior level, dropping 30¢ to $3.24/mile. Seattle to Salt Lake City fell 17¢ to $1.70/mile.

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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.