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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. Dallas rates also soared, as some freight was diverted to that busy freight hub.

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West Coast Heats Up for Van Freight

DAT Solutions

For van freight, we’re starting to see hot markets shift westward, with big rate increases out of Seattle, Los Angeles, Denver and Stockton, CA. Rerouted port traffic from Houston to Seattle after Hurricane Harvey may have added to demand for trucks in the area. Buffalo to Columbus climbed 28¢ to $2.57. RISING LANES.

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Van freight gears up for the holidays

DAT Solutions

DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 279 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions. Changes in the ratio often signal impending changes in freight rates.

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Freight Rates Adjust to Post-Hurricane Irma Demand

DAT Solutions

We’ve seen a big increase in van freight moving from Atlanta and Charlotte down into the state. Load counts also continued to climb out of Dallas and Houston, as Texas works its way back to business as usual. That includes the Dallas to Houston lane, which fell another 54¢ but is still high at $2.96/mile.

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2 Signs That the Freight Recession Really Is Over

DAT Solutions

Together, the ratio and rates offer strong evidence yet that the freight recession is over. Higher prices out of Memphis and Columbus tell us that retail traffic is moving, and higher rates out of Dallas and Seattle show us that the improvement is far-reaching. Houston to Oklahoma City was down 8¢ to $1.97/mile.

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Hurricane Michael halts shipments

DAT Solutions

Road closures halted shipments on major trade routes like I-10 between Houston, New Orleans and Jacksonville , and I-75 up from Florida to Atlanta. Demand for trucks will likely increase in the coming weeks, with FEMA loads and emergency freight heading to the Florida Panhandle, Georgia and the Carolinas. FALLING LANES.

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Spot market settles after Hurricane Florence

DAT Solutions

As people in the Carolinas try their best to return to their normal routines, the freight markets have settled back down into typical seasonal trends following Hurricane Florence. Unlike with Hurricanes Harvey and Irma, the impact from Florence on freight movements was mostly felt regionally. Atlanta to Charlott e fell 17¢ to $2.84/mile.