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.

Van freight stabilizes in early October

DAT Solutions

But freight has mostly "normalized” on the spot market. NOTE: The map depicts outbound load-to-truck ratios for dry van freight. Changes in the ratio often signal impending changes in freight rates. Elsewhere: Dallas to Denver plunged 24¢ to $2.40/mile.

Van freight gears up for the holidays

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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.

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. 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. Denver to Houston rose 59¢ to $1.63

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.

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.

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.

How much lower will freight rates fall?

DAT Solutions

Freight rates have been in decline since the calendar flipped to 2019. Out West, Denver to Oklahoma City added 14¢ at $1.38/mile. The lane from Denver to Albuquerque is still one of your best bets for getting out of Colorado, but that lane lost 15¢ last week at $1.88/mile.

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.

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

How much lower will freight rates fall?

DAT Solutions

Freight rates have been in decline since the calendar flipped to 2019. Out West, Denver to Oklahoma City added 14¢ at $1.38/mile. The lane from Denver to Albuquerque is still one of your best bets for getting out of Colorado, but that lane lost 15¢ last week at $1.88/mile.

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. 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.

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).

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.

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.

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. Dallas to Denver lost 25¢ at $2.59/mile.

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. Out West, the number of loads tripled on the lane from Denver to Los Angeles.

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Thanksgiving surge boosts reefer prices; van freight heads east

DAT Solutions

The map depicts outbound load-to-truck ratios by state, for dry van freight. There has been a strong freight surge moving from Los Angeles toward the East, which is causing higher outbound volumes in cities like Chicago , Columbus and Memphis.

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. TriHaul: Minneapolis - Denver - Rapid City.

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.

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." Spot market demand has already exploded in June.

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. Changes in the ratio often signal impending changes in freight rates.

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.

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.

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’s a common trend when the flow of freight shifts southward.

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. That includes van freight, but it’s especially true for flatbed.

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.

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.

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. 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.

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. Spot market rates were up last week, but volumes fell. Hurricane Matthew likely played a role in both of those factors.

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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.

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.

Sun Belt States are Hot for Seasonal Freight

DAT Solutions

Freight markets are heating up in the Sun Belt. Flatbeds saw rising freight volume and rates in the Southwest and a handful of Southeastern markets. Outbound rates fell in key Northern markets, including Chicago , Denver , and Philadelphia.

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Using Artificial Intelligence to Improve the Shipper / Carrier Experience with Erik Malin

The Logistics of Logistics

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. Loadsmart is a digital freight brokerage that is more “nerd” than “freight broker.”.

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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.