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Spot Market Freight Rates Soar After Hurricane Harvey

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Outbound volumes from Houston also fell 73%, but the rearrangement of supply chains, the difficulty of shipping in the flooded region, and increased seasonal demand in other parts of the country combined to create pockets of tight capacity that put extra pressure on truckload rates. Denver to Houston rose 59¢ to $1.63

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2 Signs That the Freight Recession Really Is Over

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Volumes were strong after Memorial Day, particularly in Atlanta and Los Angeles. Projections for Central California produce are still strong for June, so we’re keeping an eye on the Fresno market, but those shipping gaps meant that rates didn’t continue their upward trend on many of the top reefer lanes. That paid $2.19/mile

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Spot Market Van Rates Soared in September

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Columbus is a key distribution point for the Midwest and the Northeast, and it shipped more to the Southeast after the storms. Chicago prices also continued to climb: Chicago to Denver added 38¢ at $3.05/mile. Atlanta to Lakeland, FL , fell 19¢ but still averaged $3.24/mile. Atlanta to Miami was down 22¢ to $3.43/mile.

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Rates rise, but gains may be temporary

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The three largest price increases last week came out of Denver. Denver is a big beer producing market, with both large production breweries and smaller craft brewers shipping beer in vans and reefers. Denver to Albuquerque jumped 28¢ to $2.35/mile. Denver to Oklahoma City gained 21¢ to $1.41/mile.

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Van Rates Rise Ahead of Roadcheck Inspections

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Normally during a four-day shipping week, we'd expect load posts and truck posts to be down around 20%. Plus, strong volumes in key markets like Los Angeles , Dallas and Atlanta , could lead to a second peak in spot market rates in June, with the first peak occurring in January. Dallas to Denver increased 23¢ to $3.04/mile.

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Summer freight: Calm before the storm?

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Prices are still well above last year’s pace, though, and that still suggests that the fall shipping season will be a busy one. Demand for trucks rose in Los Angeles and Atlanta , but that was offset by declines in Texas (more on that below). Dallas to Denver lost 25¢ at $2.59/mile.

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Reefer Freight Adjusts to Post-Holidays, Post-ELD

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Nogales, AZ , was the only produce-shipping market to post any big rate increases last week, as many others were down significantly. Out of Texas, McAllen to Atlanta rose 48¢ to $2.86/mile. Miami, Denver, Sacramento and Lakeland, FL , all experienced sharp drops last week. Denver to Salt Lake City plunged 79¢ to $1.92/mile