article thumbnail

Severe weather causes freight rates to slip

DAT Solutions

A huge snowstorm in Denver last week closed three interstate highways: I-25, I-70 and I-76. National Average Freight Rates. An abundance of capacity has caused van rates to move lower, even though freight volumes in 2019 are actually above previous years' levels. Denver to Albuquerque, NM increased to $2.07/mi.

article thumbnail

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. Denver to Houston rose 59¢ to $1.63 Chicago to Denver rates rose 22¢ to $2.72

Houston 73
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Reefer freight is in transition. Markets that were previously hot, like Florida , are slowing down. Meanwhile, the bulk of California freight has yet to hit the spot market. Rates could continue to rise. That paid $2.19/mile

Freight 90
article thumbnail

Rates and Demand Are Still High for Refrigerated Freight

DAT Solutions

Seasonal harvests are winding down, but capacity is still tight for reefer freight. Sacramento to Denver gained 29¢ at $2.55/mile. Florida rates continued to slide: Miami to Atlanta dropped 40¢ to $1.29/mile, That’s led to higher reefer rates on the West Coast and in the Midwest.

article thumbnail

Reefer rates rise as Florida hits its stride

DAT Solutions

Freight volumes surged about 25% out of both Miami and Lakeland, FL, and some lanes about of Florida saw rates jump as much as 85¢ per mile. Florida - In the past few weeks, Florida has been a mixed bag: one week Miami is up and Lakeland down, and the next week Lakeland is up and Miami down. Falling rates.

Florida 84
article thumbnail

Spot Market Van Rates Soared in September

DAT Solutions

A big increase in port volumes back in July led to more truckload demand last month, too, since much of that freight didn’t start moving on trucks until August and September. Freight disruptions have caused rates to skyrocket there in the past month. Chicago prices also continued to climb: Chicago to Denver added 38¢ at $3.05/mile.

Seattle 70
article thumbnail

Outbound Tender Rejections Increase for the First Time Since March Peak

Zipline Logistics

Currently, this has not made a substantial impact on the freight market, but we are seeing signs that the industry is beginning to recover. Additionally, according to Freight Waves, “outbound tender rejections have increased week-over-week for the first time since the OTRI peaked at 19.25% on March 28.”. Southeast Logistics.