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. Outbound volumes from Houston also fell 73%, but the rearrangement of supply chains, the difficulty of shipping in the flooded region, and increased seasonal demand in other parts of the country combined to create pockets of tight capacity that put extra pressure on truckload rates. 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. 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.

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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. Projections for Central California produce are still strong for June, so we’re keeping an eye on the Fresno market, but those shipping gaps meant that rates didn’t continue their upward trend on many of the top reefer lanes.

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.

Did Santa save on shipping this year?

DAT Solutions

Demand was soaring for retail freight, and the ELD mandate that had just taken effect led to a major capacity crunch. Amid all that uncertainly, shipping rates skyrocketed, and it got even crazier in the month to follow. So while Santa didn't save all that much money on shipping this year, those presents were delivered amid much more stable spot marketplace. Denver to Los Angeles was down 16¢ to just $1.20/mile.

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

Talking Logistics

Some mornings I would ride my rocket ship, evading asteroids and alien cruisers along the way, and I would barely make it to school on time (I mean, the space station), with just enough fuel to make a safe landing. 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).

Summer freight: Calm before the storm?

DAT Solutions

Freight rates have steadily declined since the Fourth of July, but they're still high. Prices are still well above last year’s pace, though, and that still suggests that the fall shipping season will be a busy one. 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.

Is Spring Shipping Season Finally Here?

DAT Solutions

Those declines could be a temporary blip, though, because volumes are showing signs that spring shipping season has sprung. DAT load boards provides 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.

How to Protect Shipments from Freezing Temperatures

Freight Center

Don’t let the cold hurt your freight and bottom line. As a rule of thumb, remember the freight shipping industry recognizes November 1 st through April 30 th as “freeze protection season” or the time period freeze protection services will be most in demand. If you ship regularly during the freeze protection season, it’s worth asking the question of whether or not freeze protection services would be beneficial for your cargo.

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. Produce shipping is showing signs of strengthening and should begin building activity for the remainder of the month before leveling off in June. 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.”.

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. . This has especially been the case for Pacific N orth P lains and in outbound California refrigerated freight. .

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. Nogales, AZ , was the only produce-shipping market to post any big rate increases last week, as many others were down significantly. Miami, Denver, Sacramento and Lakeland, FL , all experienced sharp drops last week.

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. Cargo ships were re-routed or delayed en route to and from ports from Savannah to Baltimore. Ships in and near Hong Kong were delayed, which caused a disruption of traffic at the top U.S. 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. Columbus, OH, had spikes on a pair of lanes shipping into the Northeast, which is unusual for this time of year: Columbus to Buffalo was up 17¢ to $2.79/mile. Sacramento to Denver was up 26¢ to $2.55/mile.

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.

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. due to the fallout from the Hanjin Shipping bankruptcy. 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.

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).

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. California was also shipping more after a week of difficult weather, but there were enough trucks to accommodate the increase in demand.

New US LTL Freight Rates from $125, and New Cross-Border Rates from $187!

Freightera

US to US LTL freight rates: Hauppauge, NY to Galena, KS: now USD $175.56 – click here for this LTL quote. Cross-border LTL freight rates: Edmonton, AB to Denver, CO: now USD $223.56 – click here for this LTL quote. Happy shipping! The post New US LTL Freight Rates from $125, and New Cross-Border Rates from $187! Freight Rates

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. Columbus is a key distribution point for the Midwest and the Northeast, and it shipped more to the Southeast after the storms. 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.

Rates rise, but gains may be temporary

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. The three largest price increases last week came out of Denver. Denver is a big beer producing market, with both large production breweries and smaller craft brewers shipping beer in vans and reefers.

Asian imports turn up the heat for vans on the West Coast

DAT Solutions

Expect the seasonal pressure to continue through much of November, as a massive typhoon in Hong Kong caused scheduling delays on inbound ships at the Ports of Los Angeles and Long Beach, the arrival point for 49% of Asian imports. Ships arrived late, and containers were unloaded and drayed to warehouses late, so that cargo is finally heading east and north. The map depicts outbound load-to-truck ratios by state, for dry van freight. to Chicago , Dallas , Phoenix , and Denver.

Reefer Capacity Gets Tighter Ahead of Thanksgiving

DAT Solutions

Thanksgiving is right around the corner, so trucks are still in high demand to move refrigerated freight. Just like with dry van freight , reefer capacity tightened in the first week of November, meaning that shippers and brokers had a harder time finding trucks to move those reefer loads. The overall picture was a bit more mixed than with van freight, though, where rates were up pretty much across the board. Chicago to Denver soared 27¢ to $3.17/mile.

Van Rates Rise Ahead of Roadcheck Inspections

DAT Solutions

Normally during a four-day shipping week, we'd expect load posts and truck posts to be down around 20%. 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. Atlanta saw only a slight dip in volumes despite one less shipping day.

Delayed Produce Could Lead to a Busy May

DAT Solutions

We’re hearing a lot about shipping gaps in California due to delays in planting because of an unusually wet winter, which explains the flat reefer volumes last week. Van load counts were already up big last week, with an uptick in freight moving out of L.A. Denver to Albuquerque rose 10¢ for an average of 1.76/mile. Still, the lane from Los Angeles to Denver hit a high for the year so far at $2.65/mile, and yesterday it was back to $2.60.

Truckload rates halt 8-week slide

DAT Solutions

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. We haven't seen a surge in California shipping as had been anticipated. Falling freight volumes resulted in lower rates out of Ontario, CA , Denver , and Chicag o.

Spot market demand heats up out West

DAT Solutions

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. The West Coast is starting to see the freight that shipped from China after the Chinese New Year celebrations ended. port for those ships, and that freight was already being loaded onto trucks last week.

Spot Market Volumes Are Strong, but Rates Still Lag

DAT Solutions

We don’t anticipate a lot of impact as far as long haul freight goes, since pickup and delivery can be adjusted to avoid the extra traffic on the 285 loop. The highway closure could affect freight going to and from the Carolinas and other points to the northeast, though. Southbound freight into Florida is the biggest factor, though, and the missing bridge may not have much impact there. to Denver paid 10¢ better at $1.77.

Miami 70

Van Rates Sag, Flatbeds Add 2¢, Before Q1 Closes

DAT Solutions

It's common for shippers to hustle freight out the door before the quarter ends, and this is the deadline. DAT provides 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. NOT SO HOT : Denver , where outbound rates were down 0.5%

Rail Competition Takes a Bite Out of Van Rates

DAT Solutions

That loss can be attributed to competition from the railroads, as overall shipments are up slightly year over year, but more shippers have shifted freight over to rail intermodal. So far, freight trends in February suggests that spot market capacity shortfalls as a result of the ELD mandate have had a stronger impact than economic conditions on van rates. We probably have at least another week or two of falling prices before trends reverse at the start of the spring shipping season.

Spot Market Gets a Strong Start to May

DAT Solutions

Spot market van volumes slipped last week, with some energy sector freight leaving the van marketplace. Tomato harvests obviously equal more reefer freight, but processed and canned tomatoes in paste and sauces also lead to more van freight. From June to October last year, California shipped 500,000 loads of processed tomato products. Denver to Albuquerque has been more up-and-down than usual, and last week it fell 10¢ for an average of $1.64/mile.

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

Talking Logistics

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. What was your first concert? Mine was UB40 my freshman year at Cornell, followed by Tracy Chapman a few months later.