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Spot Market Freight Rates Soar After Hurricane Harvey

DAT Solutions

Chicago to Denver rates rose 22¢ to $2.72 Rates had been rising on shipments in and out of Buffalo in recent weeks, but prices started to decline last week: Chicago to Buffalo fell 28¢ to an average of $2.48 Prices surged on some high-traffic Chicago lanes: Chicago to Atlanta soared 51¢ to $3.58

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2 Signs That the Freight Recession Really Is Over

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Chicago to Buffalo also rose 18¢ to $2.33/mile. Cleveland to Chicago also paid 15¢ better at $1.75/mile. The biggest spike was on the lane from Charlotte to Buffalo , which jumped up 44¢ to an average of $2.74/mile. Seattle to Spokane was up 20¢ to $2.70/mile.

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Rates and Demand Are Still High for Refrigerated Freight

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Fresno to Seattle was up 30¢ to $2.80/mile. Chicago to Kansas City also had a big increase at $3.48/mile, Reefer load counts got a big boost along the Mexican border in Nogales, AZ and McAllen, TX. Reefer rates on the lane from Sacramento to Portland soared 70¢ to $3.42/mile. Sacramento to Denver gained 29¢ at $2.55/mile.

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Storms put damper on spot rates

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Load counts rose nearly 5% in Chicago and Houston , and more than 3% in the number one van market, Los Angeles. Chicago to Buffalo also fell 19¢ to $2.31/mi. Freight volumes were up more than 20% in the Lakeland, Florida market, as well as in Sacramento and Fresno , California. Fresno to Denver surged 40¢ to $2.24/mi.

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Reefers still waiting for spring

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While the Lakeland, FL market was a big winner last week — gaining over 20% more volume — those gains were more than offset by a week-over-week slump in other major reefer markets, including Fresno, Nogales, Boise and much of the Midwest. Chicago to Kansas City slid 19¢ to $2.08/mi.

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Spring freight rates: Stable or stuck?

DAT Solutions

Chicago to Allentown, PA gained 7¢ to $2.39/mi. Fresno volumes were up, but other parts of California went softer. In the Midwest, rates were higher from Chicago and Grand Rapids. Fresno to Seattle lost 18¢ to $2.36/mi. Los Angeles and Seattle had slight bumps up in pricing, but nothing exceptional.

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Reefer Capacity Gets Tighter Ahead of Thanksgiving

DAT Solutions

That pushed rates higher in many areas, especially out of Chicago and California. The biggest spike was the lane from Chicago to Kansas City , which surged 49¢ up to $3.10/mile. Chicago to Minneapolis also climbed 21¢ to $2.76/mile. Chicago to Denver soared 27¢ to $3.17/mile.