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. 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. National Average Freight Rates. Road closures isolated Denver from parts of the supply chain last week.

Van freight stabilizes in early October

DAT Solutions

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. NOTE: The map depicts outbound load-to-truck ratios for dry van freight. Changes in the ratio often signal impending changes in freight rates.

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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. The threatened strike by UPS Freight (LTL) may already be causing shippers to divert their cargo to other channels.

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. Columbus, OH , has been one of the hottest van freight markets ever since Hurricane Harvey caused massive disruptions, but rates have started to normalize. So far, the national averages for spot market rates in October are the highest they've been since the Snowpocalypse of 2014.

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. Rates rose in Columbus , as well, as population centers in the Northeast are receiving more freight from that direction. Stockton, CA , showed the least price movement among major freight markets last week, and outbound volumes there were off by 14%.

Uber Freight: Another “Uber-for-Trucking”?

Freightos

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. Technology, Infrastructure: Make Freight Great Again. million trucks moving 10 billion tons of freight. That’s a lot of freight. What’s Working for Uber Freight.

Supply Chains that Rock Around the Clock: Rock and Roll All Night

Inbound Logistics

This story follows a sleeper team for YRC freight as the two drivers make a run of approximately 22 hours from the Chicago area to Denver

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. 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.

Shippers Discuss Freight Procurement Strategies and Concerns at Chainalytics’ Annual FMIC Summit

CHAINalytics

| By Kevin Zweier | Vice President, Transportation | Chainalytics | We recently concluded our Freight Market Intelligence Consortium (FMIC) Summit in Denver in late April. While I had … The post Shippers Discuss Freight Procurement Strategies and Concerns at Chainalytics’ Annual FMIC Summit appeared first on Chainalytics.

How Hurricane Florence affects freight

DAT Solutions

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. FEMA and other emergency responders will move freight to temporary warehouses just outside the storm zone, waiting until road conditions are stable. Some of those loads are already being tendered to freight brokers and 3PLs, who post them on DAT load boards.

How much lower will freight rates fall?

DAT Solutions

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. Out West, Denver to Oklahoma City added 14¢ at $1.38/mile. Has money been a little tighter for your business lately?

How much lower will freight rates fall?

DAT Solutions

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. Out West, Denver to Oklahoma City added 14¢ at $1.38/mile. Has money been a little tighter for your business lately?

This Week in Logistics News (December 5-9, 2016)

Talking Logistics

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). are scouting potential sites, including busy roads near Denver International Airport, with a goal of launching in 2018.

Are High Freight Rates in December the New Normal?

DAT Solutions

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. A lot of holiday freight heading into the Northeast ends up in distribution centers in Allentown, PA, which has led to higher inbound rates there. Out West, the number of loads tripled on the lane from Denver to Los Angeles.

Denver 101

Refrigerated Freight Adjusts Between Holidays

DAT Solutions

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. The national average for reefer rates remains extremely high at $2.43/mile, but declines on most of the high-traffic lanes indicate that some of the urgency that led to peak prices before Thanksgiving has gone away.

2017 Outlook: The Freight Recession is Over

DAT Solutions

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. Instead of tapering off after October, as retail freight did in years past, a boom market emerged for truckload transportation in November and December.

Peak season is coming for freight

DAT Solutions

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. We usually look at the load-to-truck ratio as a way to measure how hot demand is for freight – the number of load post divided by truck posts.

Summer freight: Calm before the storm?

DAT Solutions

Freight rates have steadily declined since the Fourth of July, but they're still high. 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. There isn’t much urgency for long-haul freight at this time of year, so a lot of shipping has moved over to rail.

Freight Availability Remains High, Despite Declines

DAT Solutions

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. Rates are derived from DAT RateView and are based on actual rate agreements between freight brokers and carriers, on 65,000 point-to-point lanes across North America. 18-24, above, also shows favorable load-to-truck ratios in the Dakotas, but freight volume there is more moderate.

Thanksgiving surge boosts reefer prices; van freight heads east

DAT Solutions

Reefer $2.45/mile, up 4¢ Flatbed $2.42/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. The map depicts outbound load-to-truck ratios by state, for dry van freight. The main driver of demand continues to be the Los Angeles freight market.

Reefer Freight Adjusts to Post-Holidays, Post-ELD

DAT Solutions

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. Denver to Salt Lake City plunged 79¢ to $1.92/mile – high rates in Denver typically don’t last long.

Inspection Blitz Sends Freight Rates Skyward

DAT Solutions

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." DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions.

L.A. freight gets a tailwind from hurricanes and typhoons

DAT Solutions

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. 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.

Spot Freight Volumes Get Welcomed Boost

DAT Solutions

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. Sacramento to Denver was up 26¢ to $2.55/mile. It's unusual to see an uptick in volumes at this point in the summer, but the top 100 van lanes set all-time records for volumes last week. That led to an uptick in load posts on DAT load boards , but rates didn't respond.

August Demand Stays Hot for Truck Freight

DAT Solutions

Freight out of Columbus is associated with retail traffic. Last, and maybe least, Denver is on a hot streak, along with back-haul markets in general. Load-to-truck ratios declined for vans and flatbeds on DAT load boards last week, but the average ratio rose for reefers. Rates lost a penny per mile for each of the three equipment categories, as a national average. These are still strong rates for this time of year, which bodes well for the rest of the third quarter.

Freight Rates Were Mostly Neutral Ahead of Winter Storm

DAT Solutions

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. That includes van freight, but it’s especially true for flatbed. Denver to Chicago dropped extremely low, just $0.93/mile on average.

Here's How Hurricanes Irma and Harvey Have Affected Van Freight

DAT Solutions

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 doesn’t mean that everything is the same as before – some cargo is not moving at all, and other types of freight are moving in higher volume because of pent-up demand. That’s a common trend when the flow of freight shifts southward.

Is the Freight Recession Really Over?

DAT Solutions

At the beginning of the year, DAT Pricing Analyst Mark Montague declared that the freight recession was over. Since then, we've been in the middle of what's traditionally been the slow season for freight. The steady decline in van and reefer rates over the course of several weeks left a lot of people wondering whether or not the freight recession really was over. A month later, others analysts from around the industry started to come to the same conclusion.

Freight Abounds, but Rates Return to July Levels

DAT Solutions

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. Denver tends to improve when rates decline everywhere else, because it’s almost entirely a backhaul market.

Major Freight Markets Saw Biggest Rate Surge of the Year

DAT Solutions

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. The tighter capacity meant that many shippers had to pay a premium to move freight ahead of the holiday weekend, so outbound rates were up in almost every major van freight market. to Denver rates rose 18¢ to $2.49/mile. Fresno to Denver surged 52¢ to $2.70/mile on average.

Spring Came Early in These Freight Markets

DAT Solutions

The number of loads available on the spot market last month was also up more than 100% compared to February 2016, which is a pretty good sign that the freight recession really is over. Since the freight coming out didn’t pay very well, inbound lanes paid more. Out West, the lane from Stockton to Denver recovered 13¢ to pay $1.82/mile on average. The freight market in L.A.

Hurricane Matthew Affects Spot Rates and Freight Volumes

DAT Solutions

Shippers paid more to move freight ahead of the storm, and then load posts dropped when the affected markets locked down at the end of the week. The lane from Fresno to Denver was down 21¢ to $2.01/mile, and the average reefer rate for Sacramento to Salt Lake City fell 20¢ to $2.27/mile. Spot market rates were up last week, but volumes fell. Hurricane Matthew likely played a role in both of those factors.

Freight Rates Are Coming Back Down to Earth

DAT Solutions

December was arguably the strongest month for freight in 2016. Spot market volumes still look strong, but contract freight has been a little slow. There's more freight moving out of Houston this month. Just like with vans, it may be a case of less contract freight moving, which has led to more capacity on the spot market.

Transportation Trends: What’s Going on in the Trucking Industry?

PINC

Coming into 2019, issues like the tariff wars, driver shortage, and rising freight rates were high on transportation managers’ radar screens. The current driver shortage, which the American Trucking Associations (ATA) estimates to be over 50,000 drivers, and the competitive freight market have served to boost driver pay, benefits, and bonuses over the past year. Freight rates have leveled off (and even retreated, in some cases).

Van Freight Rates Fall 2¢, but Demand Is Up in the Northwest

DAT Solutions

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. Today, you might take it – but create a TriHaul route to get you out of Denver without losing your shirt. If you can fit this into your schedule, find a load from Denver to Rapid City and another one from Rapid City back to Chicago.