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Tim Henry is the CEO and Co-founder of Haul, a Bay Area and Denver based digital platform that connects certified and vetted commercial truck drivers with trucking companies to operate their trucks on assignments of various lengths. Created by Uber Freight alumni, Haul is based in the San Francisco Bay Area and Denver.
Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility.
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.
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
But freight has mostly "normalized” on the spot market. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 270 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions.
Together, the ratio and rates offer strong evidence yet that the freight recession is over. Reefer freight is in transition. Meanwhile, the bulk of California freight has yet to hit the spot market. The lane from Sacramento to Denver paid 24¢ better on average, at $2.63/mile. Rates could continue to rise.
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.
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. Columbus, OH , has been one of the hottest van freight markets ever since Hurricane Harvey caused massive disruptions, but rates have started to normalize. FALLING LANES.
Seasonal harvests are winding down, but capacity is still tight for reefer freight. Sacramento to Denver gained 29¢ at $2.55/mile. That’s led to higher reefer rates on the West Coast and in the Midwest. Potato shippers seem to be feeling the effects of the ELD protests that have been scattered across the country.
Coming into 2019, issues like the tariff wars, driver shortage, and rising freight rates were high on transportation managers’ radar screens. Freight rates have leveled off (and even retreated, in some cases). Reefer freight rates continue to drop, with a current national average of $2.14 per mile.
Erik has been a guest speaker for multiple companies and conferences, including the Denver Transportation Club, Landstar and most recently the 3PL & Supply Chain Summit: Atlanta. 03:17] I have seen Loadsmart in the news a lot lately – clearly bringing some innovation to the freight brokerage space. Tell us about it.
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.
DAT’s Accelerated Freight Matching Launches with New Load Board App for Carriers and Paperless Onboarding Service for Brokers. R2 Freight & Logistics, Inc. October Air Freight Demand Up 8.2% – Fastest Growth in 18 Months (IATA). One Network Delivers Real Time Value Network 17.0:
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.
His specialties include supply chain solutions, transportation management, freight capacity sourcing and optimization, transportation technology, shipper and carrier relationship management, fleet and linear asset management, and network operations.
Given that the study was funded by an Atlanta-based group, the results are hardly authoritative (for instance, a number of major cities, such as Boston, Charlotte, Denver, Philadelphia, Phoenix and Washington, are not included in the study), but they do offer an interesting view on the supply chain capabilities of seven major regions.
After the conference, Chris and I plan to spend some time with my brother and his family who live in the Denver area and visit various national parks such as Black Canyon of the Gunnison , the Great Sand Dunes and Mesa Verde. The weekly Freight Forward LinkedIn newsletter will continue as well as the weekly updates.
DAT Launches Streamlined TMS for New Freight Brokers. In a blog post published today, Michael Bender, EVP and Chief Operating Officer, Walmart Global eCommerce, writes: Walmart will start with tests of grocery delivery through Uber and Lyft, which we expect to start within the next two weeks in Denver and one other market.
Before an Amazon delivery driver ever drops a package on someone’s doorstep in metro Denver, they have likely gone through a three-day course developed locally, one that could eventually serve as a model of delivery driver training across the country. The Last Mile Delivery Academy is at 6150 N.
The freight recession is over. Energy exploration and fracking petered out, and the accompanying freight dried up. Freight volume and rates finally began to revive in May 2016, and year-over-year volume comparisons turned positive in August. As we have learned from the current freight season, it's not business as usual.
Uber Freight: Another “Uber-for-Trucking”? After news broke last month that Uber was unleashing a trucking offering, it came as no surprise when it launched Uber Freight , an online trucking marketplace for US LTL. Load-matching technology (even the Uber For Freight model) isn’t new. That’s a lot of freight. Established.
Freight rates have been in decline since the calendar flipped to 2019. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions.
Big weather events like this usually affect the spot freight market in three stages. Before the storm , there’s urgency to move freight into the area or out of the way of the storm’s path. Some of those loads are already being tendered to freight brokers and 3PLs, who post them on DAT load boards.
Once upon a time, Black Friday marked the end of the retail freight season. E-commerce has disrupted that traditional freight schedule. The activity on the DAT Load Board shows how the new freight trends play out, and we should see rates rising in December, though probably not as high as they were in June. Those days are gone.
Load availability soared in places like Denver and Memphis. Both those markets are distribution hubs for e-commerce, which has stretched the traditional holiday retail freight season well into December. Out West, the number of loads tripled on the lane from Denver to Los Angeles. to Denver paid 15¢ less last week, at $2.45
We expected the sizzling hot freight market to cool off a little, and it did. Van Freight Abounds, but Rates are Down. We did have a dip in load availability last week but there’s still a lot of freight out there for vans. The exceptions were Denver and Philadelphia , where rates edged up a couple of pennies.
In fact, there were more load posts on DAT Load Boards from January through September 2015 than in any other year except 2014 -- which was an exceptional year in freight transportation. 18-24, above, also shows favorable load-to-truck ratios in the Dakotas, but freight volume there is more moderate. What's different this year?
That'll no doubt affect freight movements, with trucks banned from some highways in the Northeast while Connecticut, Pennsylvania, and Virginia declare states of emergency. Charlotte joined Atlanta as an early leader ahead of the spring freight season, but the story for the past few weeks has been Houston. mile on average.
The demand for refrigerated trailers peaked at year-end, but the extra-cold weather in many parts of the country has kept prices at record-setting levels in many areas, since those trailers are being used to keep freight from freezing. Miami, Denver, Sacramento and Lakeland, FL , all experienced sharp drops last week.
Freight rates have been in decline since the calendar flipped to 2019. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions.
mile, down 2¢ 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. Los Angeles to Denver increased 19¢ to $3.40/mile.
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. Dallas to Denver lost 25¢ at $2.59/mile. Los Angeles to Denver also lost 20¢ at $3.15/mile.
Rates are derived from DAT RateView and are based on actual rate agreements between freight brokers and carriers. Ordinarily, you might turn down a load from Chicago to Denver, because outbound rates in Denver are never good. Reference rates include fuel surcharges but not accessorial or other fees. DAT TriHaul of the Week.
West Coast van freight heated up last week, especially in the Los Angeles market. In mid-September, we were focused on evacuating the Carolinas and diverting trucks and freight away from Hurricane Florence. Changes in the ratio often signal impending changes in freight rates. Denver to Albuquerque got a 7¢ increase, to $2.18/mile.
Freight patterns showed increased retail trade ahead of Memorial Day weekend, and since some drivers finished the week up early ahead of the holiday weekend, capacity also tightened. In general, markets that feed into the Northeast were up, while Denver, Seattle , and rates coming out of the Northeast were down. Out West, L.A.
A lot of the spot market freight volumes that were stalled in the aftermath of Hurricane Harvey have started to come back. Last week, Houston's van freight volumes rebounded to 88% of pre-storm levels. That put even more pressure on freight rates, accounting for 3¢ added to the national average for each trailer type.
We got a welcomed surge of spot market freight to close out July. That would’ve led to more reefer trucks competing for van freight, and the extra capacity kept rates down. That would’ve led to more reefer trucks competing for van freight, and the extra capacity kept rates down. FALLING LANES.
Outbound reefer rates were generally down out of Chicago , but the lane to Denver rose 32¢ at $3.20/mile. The backhaul lane from Denver to Ontario, CA , edged up 22¢ to $1.62/mile. For example, reefer rates on the lane from Nogales to Chicago were up 25¢ to an average of $2.24/mile.
Freight rates were relatively calm back when the full enforcement of the ELD mandate went into effect on April 1, as conditions had already settled into what’s feeling like the "new normal." Basically every major van freight market not named “Seattle” had higher rates last week, especially Houston, Columbus, and Buffalo.
| By Kevin Zweier | Vice President, Transportation | Chainalytics | We recently concluded our Freight Market Intelligence Consortium (FMIC) Summit in Denver in late April.
Van freight volumes did increase more than 6% in the last week of March, but there was enough capacity to cover the demand. Freight volumes were up more than 10% in Houston last week, with pushed prices up on several lanes. Several low-paying lanes showed rate increases last week: Denver to Chicago increased 11¢ to $1.23/mi.
Last year’s blowout victory for the Seahawks over the Denver Broncos was the biggest television event to ever air in the U.S. appeared first on Freight Logistics Company | Cerasis. Super Bowl XLIX takes place Sunday between the Seattle Seahawks and New England Patriots, but you probably knew that already.
There’s a lot of freight out there for vans right now, and August had a stronger start than any month in more than a year and a half. National average rates recovered 3¢ per mile last week, due to a boom in freight heading into population centers in the Northeast. down 7¢ to 94¢ per mile.
DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. Denver to Albuquerque recovered 12¢ to $2.00/mile,
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