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. The biggest spike was on the lane from Charlotte to Buffalo , which jumped up 44¢ to an average of $2.74/mile. Reefer freight is in transition. Meanwhile, the bulk of California freight has yet to hit the spot market. Beef and other meats shipping out of Dallas pushed rates up 20¢ on the lane to Columbus.

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. Outbound volumes from Houston also fell 73%, but the rearrangement of supply chains, the difficulty of shipping in the flooded region, and increased seasonal demand in other parts of the country combined to create pockets of tight capacity that put extra pressure on truckload rates. Buffalo to Charlotte lost 13¢ at $1.75

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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.

Prices fall as flooding halts freight

DAT Solutions

As many parts of the Southeast deal with flooding as a result of Hurricane Florence, the transportation industry is re-adjusting to recovery mode, as demand for emergency freight shipped to the area will increase in the coming days.

Early winter storms could cause freight schedules to slip

DAT Solutions

That means a lot of freight delivery schedules are going to slip. Over the weekend, Winter Storm Diego blanketed Charlotte, Raleigh and many miles of highway in North Carolina, extending east to Tennessee and north to Virginia. Storms freeze freight flows. Winter storms can have a big impact on regional freight moves, especially during a busy season. Demand could get intense, especially if more snow falls or other major freight hubs are affected, too.

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. For example, you can expect to see a lot more than the usual number of westbound loads on DAT load boards out of Atlanta, Charlotte and Greenville , SC in the next week or two. Buffalo to Charlotte added 20¢ to $1.88

Reefer Freight Adjusts to Post-Holidays, Post-ELD

DAT Solutions

The demand for refrigerated trailers peaked at year-end, but the extra-cold weather in many parts of the country has kept prices at record-setting levels in many areas, since those trailers are being used to keep freight from freezing. Nogales, AZ , was the only produce-shipping market to post any big rate increases last week, as many others were down significantly. Lakeland to Charlotte lost 62¢ at $1.81/mile.

Hurricane Matthew Affects Spot Rates and Freight Volumes

DAT Solutions

Shippers paid more to move freight ahead of the storm, and then load posts dropped when the affected markets locked down at the end of the week. due to the fallout from the Hanjin Shipping bankruptcy. Reefer load posts spiked in Charlotte last week ahead of Hurricane Matthew. Spot market rates were up last week, but volumes fell. Hurricane Matthew likely played a role in both of those factors.

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. The backhaul lane from Philadelphia to Charlotte added 15¢ to $1.46/mile, which could be a reaction to the conditions in Charlotte -- more on that below. That may have caused reefer trucks to spill over into van capacity out in Charlotte , with the extra competition driving down outbound van rates. Reefer freight has been gaining momentum.

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. The backhaul lane from Philadelphia to Charlotte added 15¢ to $1.46/mile, which could be a reaction to the conditions in Charlotte -- more on that below. That may have caused reefer trucks to spill over into van capacity out in Charlotte , with the extra competition driving down outbound van rates. Reefer freight has been gaining momentum.

Freight Rates Are Coming Back Down to Earth

DAT Solutions

December was arguably the strongest month for freight in 2016. Spot market volumes still look strong, but contract freight has been a little slow. There's more freight moving out of Houston this month. Rates on the lane from Buffalo to Charlotte improved 9¢ to $1.75 Just like with vans, it may be a case of less contract freight moving, which has led to more capacity on the spot market.

Advantages of Basing Your Distribution Center in North Carolina

Kanban Logistics

It contains multiple freight rail systems, including those run by CSX and by Norfolk Southern Railway, and is also home to seaports in Wilmington and Morehead City as well as two inland ports. Quicker transportation times result in lower freight costs. There are four ports in the state : the Ports of Wilmington and Morehead City, as well as two inland facilities in Charlotte and Greensboro. Berth and container yard renovations to accommodate larger ships.

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. Freight disruptions have caused rates to skyrocket there in the past month. Instead of hauling cheap freight back to California, grab a load from Seattle to Reno, NV.

Will sub-zero temps stall trucking operations?

DAT Solutions

often suffer from all kinds of severe weather during the first quarter, impacting freight movements. In any season, DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. If freight needs protection from freezing, the shipper may need to change routing instructions.

Smart Cities won’t be Smart if They Ignore Logistics

Enterra Insights

For example, urban planners in Charlotte, NC, have “designated a 60-acre, 50-square block area as a place for modern, urban redesign, dubbed the North Tryon Vision Plan. Deborah Abrams Kaplan ( @KaplanInk ) reports, “Urban freight is expected to increase 40% by 2050, going hand-in-hand with the slew of retail stores closing due to e-commerce growth. McGraw, “ Charlotte Moves toward a Car-Free City Center ,” Next City , 30 July 2018. [2]

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Looking for a Reefer Load? Try These 5 Markets

DAT Solutions

The recent bad weather in the Carolinas affected load posts in that region last week, but Charlotte has been number 1 in load posts for the past month. In the chart above, you’ll see that Lakeland is the top destination for loads posted in Charlotte, but Lakeland, FL, is no place for outbound reefers right now. That region of New Mexico produces potatoes, onions, and beef that are shipped all over the country, leading to high volume on the load board. Freight Rates

Post-Hurricane Floods Boost Rates in Southeast for Vans, Not Flatbeds

DAT Solutions

Freight started moving into Florida again last week, due to pent-up demand following Hurricane Matthew. Rates were up in both Atlanta and Memphis , and prices surged out of Charlotte. Load volume doubled on the lane from Charlotte to the Lakeland , FL market area, boosting that rate by 38¢, to $2.65 Both of these lane rates started to drift back down this week, indicating that shippers have already moved the overdue freight that was stalled during Hurricane Matthew.

5 Best Places to Find a Load Fast

DAT Solutions

Spot market freight rates in L.A. Columbus jumped to third in load availability after an end-of-quarter shipping surge boosted demand in the last few days of the September. Charlotte has the second most load posts in the Southeast (9th in the country), with fewer trucks competing for those loads than in Memphis and Atlanta. Freight RatesLooking for a load? Here are the five best places to find a van load fast.

This Week in Logistics News (February 18-22, 2013)

Talking Logistics

FedEx Helps Small Businesses Streamline Shipping with fedex.com Integration Manager. Meanwhile, Con-way Truckload and Con-way Multimodal announced the launch of a new North American intermodal product “that integrates the strengths and capabilities of both organizations to deliver a high-value, high-reliability offering for intermodal shipping” with an emphasis on U.S.-Mexico

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Van Ratios and Rates Hit Record Highs at End of Quarter

DAT Solutions

The combination boosted demand, as shippers wanted to move freight out the door before the end of June. One additional source of rate pressure looms, however: Amazon's Prime Day, with special deals on merchandise and shipping, is coming up on Tuesday. TOP MARKETS: Prices jumped up out of Allentown , PA, last week, but the Southeast was the hot spot for van freight in June. Atlanta and Charlotte prices were also up by double-digit percentage points.

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. Memphis to Charlotte was up 21¢ to $2.53/mile. Charlotte to Buffalo was down 17¢ at $2.69/mile.

How Does Atlanta's I-85 Bridge Collapse Affect Truckloads?

DAT Solutions

The collapse of a section of a bridge section on I-85 just north of Atlanta was shocking for two reasons: No injuries were reported, and its impact on spot market truckload freight has been and probably will be muted. Traffic jams will slow freight entering and leaving the Atlanta market for the next few months, but the impact on truckload freight is likely to be limited to freight going to and from Charlotte and the Carolinas and other points north.

Apple – carbon

Operations and Supply Chain Management

It’s unclear, however, how far Apple’s commitment will reach into its shipping operations, which rely heavily on air transport to handle its high-value components. Charlotte News & Observer). Freight forwarder Kuehne + Nagel International’s second-quarter operating earnings fell 28.5% Wilhelmsen Ship Management and Germany’s MPC Capital will combine their container ship management departments under a joint venture.

Spot market demand heats up out West

DAT Solutions

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. The West Coast is starting to see the freight that shipped from China after the Chinese New Year celebrations ended. port for those ships, and that freight was already being loaded onto trucks last week.

Rail Competition Takes a Bite Out of Van Rates

DAT Solutions

That loss can be attributed to competition from the railroads, as overall shipments are up slightly year over year, but more shippers have shifted freight over to rail intermodal. So far, freight trends in February suggests that spot market capacity shortfalls as a result of the ELD mandate have had a stronger impact than economic conditions on van rates. The exception was Charlotte , which led the pack with a 1% uptick in outbound rates.

Rebuilding Efforts Fuel Flatbed Demand

DAT Solutions

The immediate impacts from Harvey and Irma first showed up in van freight, then reefers. Load counts are up on DAT load boards , with more flatbed freight shipping to support the rebuilding and recovery efforts in areas affected by the storms. The lane from Baltimore to Charlotte jumped up 60¢ last week to $2.22/mile, but volumes are trending back down now. Volumes and rates have been climbing out of Rock Island, IL , which ships mostly on regional Midwest lanes.

Van Rates Rise Ahead of Roadcheck Inspections

DAT Solutions

Normally during a four-day shipping week, we'd expect load posts and truck posts to be down around 20%. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions. Atlanta saw only a slight dip in volumes despite one less shipping day.

Spot Market Volumes Are Strong, but Rates Still Lag

DAT Solutions

We don’t anticipate a lot of impact as far as long haul freight goes, since pickup and delivery can be adjusted to avoid the extra traffic on the 285 loop. The highway closure could affect freight going to and from the Carolinas and other points to the northeast, though. Southbound freight into Florida is the biggest factor, though, and the missing bridge may not have much impact there. Did you know that California ships 87% of the strawberries in the U.S.?

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Van Rates Sag, Flatbeds Add 2¢, Before Q1 Closes

DAT Solutions

It's common for shippers to hustle freight out the door before the quarter ends, and this is the deadline. DAT provides the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions. Buffalo to Charlotte , up 18¢ to $2.59/mile.

The Economy is on a Roll

EFT

Expecting more packages than ever to be shipped and delivered this month, parcel companies are warning buyers to order early. UPS Holiday Shipping Deadlines. Dec 18 – Deadline for 3 Day Select shipments. Dec 22 – Deadline for 2nd Day Air shipments. Dec 23 – Deadline for Next Day Air shipments. . Confirming the trend, the Cass Freight Index Report for October showed shipments increased 2.7

Spot Market Gets a Strong Start to May

DAT Solutions

Spot market van volumes slipped last week, with some energy sector freight leaving the van marketplace. Tomato harvests obviously equal more reefer freight, but processed and canned tomatoes in paste and sauces also lead to more van freight. From June to October last year, California shipped 500,000 loads of processed tomato products. Early May brought higher spot market rates for each trailer type.

Delayed Produce Could Lead to a Busy May

DAT Solutions

We’re hearing a lot about shipping gaps in California due to delays in planting because of an unusually wet winter, which explains the flat reefer volumes last week. Van load counts were already up big last week, with an uptick in freight moving out of L.A. The top 4 were the same as last week – Atlanta, Charlotte, Houston and Dallas – but Indianapolis edged out Memphis for the no.

Cargo Ship Woes Still Affecting Spot Market Rates

DAT Solutions

The bankruptcy of the world's 7th largest container carrier, Hanjin Shipping , has led to shippers re-adjusting inventories in the past couple of weeks in order to avoid stock-outs as we head into retail season. It’s currently the number 1 market for van load posts on DAT load boards , with a lot of freight moving eastward. Rates fell the most out of Allentown , PA, and Charlotte , but Hurricane Matthew could affect rates there this week.

Sun Belt States Are Hot for Vans and Reefers

DAT Solutions

Four of the top five markets for van load posts are in the Southeast region: Atlanta , Charlotte , Greenville , and Lakeland. while central California is shipping cherries and seasonal vegetables, including asparagus. If you need to haul temperature-controlled freight out of the Southeast, you may be paying more for those trucks right now. Flatbed freight volume was disappointing last week, after a strong month of April.