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2 Signs That the Freight Recession Really Is Over

DAT Solutions

Cleveland to Chicago also paid 15¢ better at $1.75/mile. Markets that were previously hot, like Florida , are slowing down. Grand Rapids to Cleveland also rose 24¢ to $3.35/mile. Peak season in Florida has ended, so outbound reefer rates are starting their descent. Declining lanes were few and far between.

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Severe weather causes freight rates to slip

DAT Solutions

Spot market rates, however, have slipped lower in seven of the last eight weeks, waiting on California and Florida produce to pull them higher. Grand Rapids to Cleveland was down 29¢ to $3.85/mi. In the contract market, the anticipated seasonal recovery has led to strengthening rates as contracts are renegotiated. Rising Rates.

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What Caused the Baby Formula Shortage + 7 Ways Consumers and Companies are Coping

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Elyssa Schmier, mother of an eight-month-old boy, shared with Fortune , “I’ve looked online, I have my mom in Boston looking, my mother-in-law in Florida looking…Everyone we know is looking for us and no one can find it.”. ” – Robert Cleveland, Senior Vice-President, North America and Europe Nutrition, Rickett.

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Spot Market Freight Rates Soar After Hurricane Harvey

DAT Solutions

The Southeast, especially Atlanta , is also the main source of relief supplies — including plywood, ice, and bottled water — headed for Florida in advance of Hurricane Irma. per mile, but rates still rose on the lanes to Madison and Cleveland.

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Christmas came calling for reefer carriers

DAT Solutions

A couple off-season spikes out of Florida : Lakeland, FL, to Charlotte jumped up 65¢ to $2.03/mile. Midwest volumes lagged behind other regions… and the biggest decline was on the lane from Grand Rapids to Cleveland , down 43¢ to $3.06. mile, likely due to higher demand out of Florida. Falling Lanes.

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Flatbed Rates and Ratios at Record Highs

DAT Solutions

Post-hurricane rebuilding has also added to pressure on flatbed capacity, as homes and businesses are rebuilt along the Gulf Coast, in Florida and in Puerto Rico. Several intrastate lanes in Florida are among the top flatbed lanes, which can be attributed, in part, to hurricane rebuilding efforts: #15. Source: Macrotrends.

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Booming Oil Industry Boosts Flatbed Demand

DAT Solutions

Demand has been weaker in Florida and Pennsylvania this month. Florida has a balance problem, where the demand for inbound freight is much higher than the demand for outbound trucks. Cleveland to Grand Rapids tumbled to $2.65/mile. Continuing the regional theme out of Nevada: Flatbed rates from Reno to Seattle rose to $2.97/mile.