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Prices Set To Ramp Up For Chinese New Year: Freight Rate Update W2

Freightos

Prices Set To Ramp Up For Chinese New Year: Freight Rate Update Wk 2. Weekly update article on the Freightos International Freight Index exploring rate trends and their driving forces. 2018 started with China-US ocean freight prices increasing by 27% as supply chains came back into full swing. Air Freight Pricing.

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Truckload Rates Finally Catch Up to Freight Volumes

DAT Solutions

That's normal, since it comes right after the end of Q1, when shippers are rushing to move freight before closing their books. Memphis to Atlanta was up 13¢ at an average of $2.23/mile. Reefer freight has been gaining momentum. Flatbed freight was strong in March, and there was a spike in rates to close the month.

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Truckload Rates Finally Catch Up to Freight Volumes

DAT Solutions

That's normal, since it comes right after the end of Q1, when shippers are rushing to move freight before closing their books. Memphis to Atlanta was up 13¢ at an average of $2.23/mile. Reefer freight has been gaining momentum. Flatbed freight was strong in March, and there was a spike in rates to close the month.

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Van Rates Close Q2 With a Bang

DAT Solutions

As expected, June went into the books with the highest spot market rates on record. Memphis had a huge load-to-truck ratio and peak volumes on Friday, trailing only Atlanta in load counts at the end of the week. The top 3 increases were on Memphis lanes: Memphis to Chicago jumped up 38¢ to $3.47/mile.

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Van Rates Get Ready for a Rebound

DAT Solutions

That's just a little more than two weeks away, and the end of March is also the end of the first quarter, when shippers typically accelerate freight movements to close their books on a high note. Columbus to Allentown , PA also added 20¢ to $3.63, to position freight for last-mile delivery on the East Coast. Hot Markets.

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Find Van Loads Fast in These 5 Places

DAT Solutions

Van spot market volume got a big boost at the end of March, when shippers were rushing to move inventory before closing the books on Q1. MEMPHIS is right behind Charlotte in terms of load posts, but the load-to-truck ratio is slightly better for truckers. The roundtrip averaged $1.89/mile.

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Expect Van Rates to Peak in December

DAT Solutions

Also, rates might rise again in the final days of the year, as shippers move their last-minute freight before they literally close the book on 2016. It was the height of the produce season in California and elsewhere, and reefers were busiest, so not as many trucks were available to haul van freight. And that was it.