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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. Out of the Midwest, Columbus to Allentown, PA jumped up 31¢ to $3.12 RISING LANES. per mile.

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National Logistics Day 2023

Enterra Insights

The flight between Dayton and Columbus dramatically increased the speed with which goods could be delivered in the U.S. ”[7] Even back then, food, spices, salt, and other goods had to be sourced and moved. In 1896, the invention of the ‘horseless carriage’ semi-truck improved how goods moved across our country.

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Trends 2019: Manufacturing

Enterra Insights

technologies that interact, communicate and create lakes of vital freight information is now entering the supply chain and these will be instrumental in bringing about the smart supply chain.”[2] 4] Louis Columbus, “ Top 10 Manufacturing Trends For 2019 ,” IQMS Manufacturing Blog , 29 November 2018. [5]

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Summer freight: Calm before the storm?

DAT Solutions

Freight rates have steadily declined since the Fourth of July, but they're still high. There isn’t much urgency for long-haul freight at this time of year, so a lot of shipping has moved over to rail. Rates did rise on a handful of regional lanes: Columbus, OH, to Buffalo, NY , climbed 23¢ to an average of $3.77/mile.

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How Will Hurricane Harvey Affect Freight Rates?

DAT Solutions

Trucks can’t get in or out of Houston , which is a huge freight hub – it’s the number 1 source of loads for flatbeds, thanks to the oil and gas industry, and one of the top 5 or 6 markets for both van and reefer freight. Columbus to Memphis lost 10¢ of the previous week’s gain, back to $1.70

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Van Ratios and Rates Hit Record Highs at End of Quarter

DAT Solutions

The combination boosted demand, as shippers wanted to move freight out the door before the end of June. One additional source of rate pressure looms, however: Amazon's Prime Day, with special deals on merchandise and shipping, is coming up on Tuesday. The national average load-to-truck ratio hit a one-week record of 6.4

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7-Week Streak of Higher Rates Ends – For Now

DAT Solutions

While inbound rates were generally up in Buffalo, the lane from Columbus to Buffalo dropped 33¢ to $3.09/mile. It could be a case of Columbus being out of inventory, given the extra activity that happened out of there following Hurricanes Harvey and Irma, which meant freight going into Buffalo had to be sourced elsewhere.

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