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Van freight gears up for the holidays

DAT Solutions

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 279 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions. Changes in the ratio often signal impending changes in freight rates.

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How Will Hurricane Harvey Affect Freight Rates?

DAT Solutions

Trucks can’t get in or out of Houston , which is a huge freight hub – it’s the number 1 source of loads for flatbeds, thanks to the oil and gas industry, and one of the top 5 or 6 markets for both van and reefer freight. Philadelphia to Boston rates rose 25¢ to $3.53 RISING LANES.

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California Reefer Freight Starts to Heat Up

DAT Solutions

HOT MARKETS: The biggest changes last week were in California, where reefer freight finally started to move out of Fresno and Sacramento in serious quantities, but load counts fell sharply in L.A. The regional trip from Dallas to Houston fell 22¢ to $2.53 Load availability was up 30% compared to May, and 84% compared to June 2015.

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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. Load counts slipped in Houston , but that market has been relatively strong all winter long. The freight market in L.A. The rest stayed put.

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Average Van Rate for April Already 9 Cents Higher Than March

DAT Solutions

Normally there’s a lull after the end of Q1 after shippers have rushed to push freight out the door before month's end. Volumes for dry van freight were mostly flat last week compared to the previous week. Houston was up 1.8% Regional van lanes to watch: Allentown to Boston , up 4¢ to $4.09/mile. Flatbed: $2.63/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. Exceptions included: Houston to New Orleans increased 12¢ to $2.32/mile Notable lanes with higher rates last week included: Denver to Houston had an unexpected rise, jumping 28¢ to $2.21/mile.

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Have Van Rates Turned the Corner?

DAT Solutions

Some of that could be due to shippers needing to move freight before the end of the month, so we’ll have to wait and see if van rates have actually turned the corner. Philadelphia to Boston rates also rose 18¢ to $3.83/mile. Out of the Gulf Coast, the lane from Houston to Oklahoma City dropped 16¢ to $2.11/mile.