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Spot Market Freight Rates Soar After Hurricane Harvey

DAT Solutions

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. Diesel costs $2.76

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Booming Oil Industry Boosts Flatbed Demand

DAT Solutions

We’ve also seen growing demand and higher rates out of Georgia , especially in Savannah. Rock Island, IL, to Minneapolis rose at an average of $3.71/mile. Demand has been weaker in Florida and Pennsylvania this month. Cleveland to Grand Rapids tumbled to $2.65/mile. That pushed rates lower out of Tampa.

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Low Reefer Demand Drags Down Van Rates

DAT Solutions

Reefer demand has also been low, and when there isn’t enough reefer freight to go around, those trucks start competing for van freight. Grand Rapids to Cleveland rose â–²29¢ to $3.31/mile. Still, even with the extra van capacity, rates rose on 46 of the top 100 van lanes, compared to the 41 that moved lower.

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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. Chicago to Minneapolis also climbed 21¢ to $2.76/mile. Demand is still extra-high out of potato-shipping regions ahead of Thanksgiving, but rates from Twin Falls, ID, to Phoenix dropped 27¢ to an average of $2.74/mile.

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September Van and Reefer Trends Stay Strong After Labor Day

DAT Solutions

Demand was up, but there weren’t many big changes on the top 100 van lanes. Demand for vans has been highest across the northern band of states, and the Midwest has a top region for loads and rates. Chicago, Cleveland, Columbus, Indianapolis, and Joliet, IL , were all in the top 10 for load posts on DAT Load Boards last week.

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Is the Freight Recession Really Over?

DAT Solutions

Low reefer demand has also put more refrigerated carriers in competition for van loads, since some dry van freight can be hauled in a reefer trailer. Van demand has been growing in the South, and load counts were up in Atlanta and Memphis. Cleveland to Harrisburg jumped up 35¢ to $3.09/mile,

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Spot Freight Volumes Get Welcomed Boost

DAT Solutions

Demand for dry vans was still high across Texas and must of the Southeast, but activity is starting to shift to the Midwest for the second half of summer. Grand Rapids, MI , had a couple strong lanes despite an overall slip in volumes: Grand Rapids to Cleveland gained 50¢ at $4.12/mile. Sacramento to Denver was up 26¢ to $2.55/mile.

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