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Severe weather causes freight rates to slip

DAT Solutions

A huge snowstorm in Denver last week closed three interstate highways: I-25, I-70 and I-76. National Average Freight Rates. An abundance of capacity has caused van rates to move lower, even though freight volumes in 2019 are actually above previous years' levels. Denver to Albuquerque, NM increased to $2.07/mi.

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Van freight stabilizes in early October

DAT Solutions

But freight has mostly "normalized” on the spot market. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 270 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions.

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Spot Market Freight Rates Soar After Hurricane Harvey

DAT Solutions

Most of the major van markets actually had fewer outbound loads available, though, and most regular freight heading to Houston was canceled. Dallas rates also soared, as some freight was diverted to that busy freight hub. Denver to Houston rose 59¢ to $1.63 Chicago to Denver rates rose 22¢ to $2.72

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2 Signs That the Freight Recession Really Is Over

DAT Solutions

Together, the ratio and rates offer strong evidence yet that the freight recession is over. And strong projections for California produce shipments should make for a busy June. Reefer freight is in transition. Meanwhile, the bulk of California freight has yet to hit the spot market. Rates could continue to rise.

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Rates and Demand Are Still High for Refrigerated Freight

DAT Solutions

Seasonal harvests are winding down, but capacity is still tight for reefer freight. Reefer rates were up big in Northern California , but the wildfires raging in that area may affect some routes. Sacramento to Denver gained 29¢ at $2.55/mile. That’s led to higher reefer rates on the West Coast and in the Midwest.

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Transportation Trends: What’s Going on in the Trucking Industry?

PINC

Coming into 2019, issues like the tariff wars, driver shortage, and rising freight rates were high on transportation managers’ radar screens. Freight rates have leveled off (and even retreated, in some cases). Reefer freight rates continue to drop, with a current national average of $2.14 Terrill Transportation Inc.

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Spot Market Van Rates Soared in September

DAT Solutions

A big increase in port volumes back in July led to more truckload demand last month, too, since much of that freight didn’t start moving on trucks until August and September. Freight disruptions have caused rates to skyrocket there in the past month. Chicago prices also continued to climb: Chicago to Denver added 38¢ at $3.05/mile.

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