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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. Higher prices out of Memphis and Columbus tell us that retail traffic is moving, and higher rates out of Dallas and Seattle show us that the improvement is far-reaching. Reefer freight is in transition. Rates could continue to rise.

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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. Columbus is a key distribution point for the Midwest and the Northeast, and it shipped more to the Southeast after the storms. mile last week.

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How Hurricane Florence affects freight

DAT Solutions

Big weather events like this usually affect the spot freight market in three stages. Before the storm , there’s urgency to move freight into the area or out of the way of the storm’s path. Some of those loads are already being tendered to freight brokers and 3PLs, who post them on DAT load boards.

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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. Buffalo to Charlotte added 20¢ to $1.88 FALLING LANES. per mile.

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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. The backhaul lane from Philadelphia to Charlotte added 15¢ to $1.46/mile, Reefer freight has been gaining momentum.

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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. The backhaul lane from Philadelphia to Charlotte added 15¢ to $1.46/mile, Reefer freight has been gaining momentum.

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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. Still, this is the second week in a row with rising volumes, so this could be a strong early start to the spring shipping season.