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This Week in Logistics News (October 8-12, 2018)

Talking Logistics

Here are some details from the press release: The newly acquired intermodal operations, with locations in Jacksonville, FL, Cincinnati, OH, Memphis, TN, Chicago, IL and Dallas, TX, will operate as part of Transplace’s intermodal division – Celtic Intermodal, which is led by President Doug Punzel.

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Major Freight Markets Saw Biggest Rate Surge of the Year

DAT Solutions

Freight patterns showed increased retail trade ahead of Memorial Day weekend, and since some drivers finished the week up early ahead of the holiday weekend, capacity also tightened. Volumes had the steepest declines in Atlanta and Houston , but Memphis van load counts spiked 13%. Atlanta to Memphis paid 22¢ better at $1.93/mile.

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Truckload Rates Finally Catch Up to Freight Volumes

DAT Solutions

Memphis to Atlanta was up 13¢ at an average of $2.23/mile. That may have caused reefer trucks to spill over into van capacity out in Charlotte , with the extra competition driving down outbound van rates. Rates out of Memphis were down after a strong drop in volumes. Memphis to Dallas was down 25¢ to $2.54/mile.

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Truckload Rates Finally Catch Up to Freight Volumes

DAT Solutions

Memphis to Atlanta was up 13¢ at an average of $2.23/mile. That may have caused reefer trucks to spill over into van capacity out in Charlotte , with the extra competition driving down outbound van rates. Rates out of Memphis were down after a strong drop in volumes. Memphis to Dallas was down 25¢ to $2.54/mile.

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Sun Belt States are Hot for Seasonal Freight

DAT Solutions

Rates improved in Dallas , Atlanta , and Memphis , as well as L.A. Atlanta , Memphis and Nashville were fairly quiet last week, and trends out of Roanoke were mixed. Van rates and volume are heating up in the southern band of states, known as the “Sun Belt.” and Stockton. Flatbeds Rates Rise in the South.

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Is the Freight Recession Really Over?

DAT Solutions

A number of factors have led to loose capacity, though, which has kept rates from going up. Van demand has been growing in the South, and load counts were up in Atlanta and Memphis. Outbound rates trended down last month in Savannah, Jacksonville and Los Angeles. Still, we could start to see prices rise in these markets soon.

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