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

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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. 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.

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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. Apple season is fairly short in Michigan , so prices on some outbound lanes drifted down. That’s led to higher reefer rates on the West Coast and in the Midwest.

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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. BA, Finance, Michigan State University. [02:06] Loadsmart is a digital freight brokerage that is more “nerd” than “freight broker.”.

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This Week in Logistics News (May 30 – June 3, 2016)

Talking Logistics

Michigan Puts Forward Bills to Allow for Public Sales of Driverless Cars (WSJ- sub. DAT Launches Streamlined TMS for New Freight Brokers. Lodeso is based in Zeeland, Michigan and has more than 50 employees and nearly 600 agents across the U.S. China’s logistics sector grows steadily in 2015 (Xinhua).

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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.

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Logistics Market Stays Flat as May Begins

Zipline Logistics

To effectively track each state’s progress in reopening and how freight is impacted, we will publish a market update for the coming weeks as the country eases out of lockdowns. . Increases in volumes started climbing this week steadily but still down 10-15% year-over-year according to Freight Waves’ Sonar indexes. .