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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. Dallas rates also soared, as some freight was diverted to that busy freight hub. In the other direction, Chicago to Minneapolis jumped up 33¢ to $2.60

Houston 73
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Is the Freight Recession Really Over?

DAT Solutions

At the beginning of the year, DAT Pricing Analyst Mark Montague declared that the freight recession was over. Since then, we've been in the middle of what's traditionally been the slow season for freight. But compared to February of last year, there's been more than a 100% increase in freight on the spot market this month.

Freight 70
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Spot Freight Volumes Get Welcomed Boost

DAT Solutions

We got a welcomed surge of spot market freight to close out July. That would’ve led to more reefer trucks competing for van freight, and the extra capacity kept rates down. That would’ve led to more reefer trucks competing for van freight, and the extra capacity kept rates down. FALLING LANES.

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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. Green Bay to Minneapolis slipped 20¢ to $1.99/mile, Cleveland finally joined the party too. Rates were up on 70 of the top 100 van lanes.

Fresno 73
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Flatbed Volume and Rates Gain Traction in June

DAT Solutions

Flatbed freight volume and rates gained some traction in June, after a couple of slow months. Texas had the biggest rebound last week, partly due to a surge of loads leaving Houston, the biggest flatbed freight market in the country by far. Cleveland to Harrisburg lane rates soared to $3.92 including the fuel surcharge.

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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. Reefer freight has been gaining momentum. Flatbed freight was strong in March, and there was a spike in rates to close the month. Cleveland was also showing signs of life.

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Reefer Capacity Gets Tighter Ahead of Thanksgiving

DAT Solutions

Thanksgiving is right around the corner, so trucks are still in high demand to move refrigerated freight. Just like with dry van freight , reefer capacity tightened in the first week of November, meaning that shippers and brokers had a harder time finding trucks to move those reefer loads. Chicago to Denver soared 27¢ to $3.17/mile.