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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. Another cost of Hurricane Harvey: many Houston-area refineries were offline, and some remain closed for now. Not surprisingly, the Dallas to Houston lane rate soared from $2.40 per mile.

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Supply Chain by the Numbers for Week of Aug. 31, 2017

Supply Chain Digest

Houston Chemical Factory Set to Explode after Flooding, New Drone and RFID Inventory System from MIT,Things Looking Up for Container Carriers for a Change, New Amazon FC from Ruins of Huge Cleveland Mall

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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. Houston to Oklahoma City was down 8¢ to $1.97/mile. Grand Rapids to Cleveland also rose 24¢ to $3.35/mile. Declining lanes were few and far between. Most other declines were only 1¢ or 2¢ per mile.

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Flatbed rates and volumes move upward

DAT Solutions

Some of the lanes where rates increased last week included: Houston to Oklahoma City jumped 38¢ to $2.55/mi. Atlanta to Houston increased 26¢ to $2.33/mi. On the other hand, flatbed prices trended down in a handful of key markets, including Jacksonville, Las Vegas, Cleveland, Pittsburgh , and Roanoke. Falling Rates.

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Flatbed Rates and Ratios at Record Highs

DAT Solutions

Much of that activity is centered in the Houston market. The top four flatbed lanes in the country originate or end in Houston: #1 Houston market to Houston market. #2 2 Houston market to Midland, TX market (the Permian Basin). #3 3 Houston market to Dallas market. #4. Dallas market to Houston market.

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Rebuilding Efforts Fuel Flatbed Demand

DAT Solutions

The flatbed traffic from Houston and along the Gulf Coast that stalled after the hurricane is also getting back to normal. It’s bounced back, since construction material from Houston is moving again, and that’s helped boost rates on the lane from Las Vegas to Los Angeles, which hit $3.52/mile mile on average last week.

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Flatbed Markets Continue to Boom

DAT Solutions

Last week, flatbed volumes surged 10% higher, led by Houston, Fort Worth and Cleveland. The oil industry has also fueled the Texas markets: Rates were higher last week out of Dallas and Fort Worth , while Houston held firm. Roanoke to Cleveland dropped to $2.55/mile The national average flatbed rate for April was $2.65/mile,