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.

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

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Van freight stabilizes in early October

DAT Solutions

You’d expect this season to be more different from early October 2017, when Hurricanes Harvey and Irma still had a massive impact on supply chain operations. 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

DAT Solutions

On the other end of the supply chain, Atlanta volumes also rose 13% and rates are stabilizing in that market. 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.

Next-Gen Supply Chain Management

Talking Logistics

Major transformational change in supply chain and logistics is not a frequent occurrence, but it has happened with regularity throughout history: The advent of the steam engine and the related rise of railway and steamship lines. And now, the new-age supply chain will take the next leap forward through integrated technology-enabled solutions. Transportation now accounts for about 63% of total supply chain cost, so it is vital to get right.

West Coast Heats Up for Van Freight

DAT Solutions

Back then, it was a series of winter storms that disrupted supply chains and pushed load-to-truck ratios unusually high for several months. 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.

Top Digital Supply Chain Cities in the U.S.

Material Handling & Logistics

A look at the supply chain readiness of several major U.S. Deloitte Consulting and the Metro Atlanta Chamber have teamed up to analyze how seven large metropolitan areas of the United States are transforming their traditional supply chain base into digital supply chains. The following slideshow offers a look at how the seven cities studied ended up in the overall rankings of their digital supply chains.

2 Signs That the Freight Recession Really Is Over

DAT Solutions

That was back when demand for trucks skyrocketed because extreme winter weather caused massive disruption to supply chains. 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 and Demand Are Still High for Refrigerated Freight

DAT Solutions

Seasonal harvests are winding down, but capacity is still tight for reefer freight. Those, combined with the supply chain disruptions caused by the hurricanes, have led to tight capacity in southern Idaho, and outbound rates continue to climb out of Twin Falls. Sacramento to Denver gained 29¢ at $2.55/mile. That’s led to higher reefer rates on the West Coast and in the Midwest.

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). logistics supply chain transportation

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

Talking Logistics

Back here on Earth, this week’s supply chain and logistics news… Nikola One Hydrogen-Electric Truck Revealed. 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).

How to Move Forward with Reverse Logistics

Talking Logistics

The same goes for many planned and well-organized supply chain processes – they carry with them the threat of unplanned and unintended events, especially when moving product from the point of origin to its final destination. It can also represent a significant supply chain cost, as there tends to be disorganization around managing reverse logistics that is more challenging than conventional “forward” logistics management.

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. There wasn’t a cascading effect across the supply chain like what we saw last year.

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. 03:17] I have seen Loadsmart in the news a lot lately – clearly bringing some innovation to the freight brokerage space. Loadsmart is a digital freight brokerage that is more “nerd” than “freight broker.”. download the audio file. [00:21] 00:21] Opening / Introduction. [01:04]

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. Meantime, rates and volumes are starting to come back down to normal in the Southeast, but supply chains throughout the rest of the country are still feeling the ripple effects, as evidenced by all the dark red in the Hot States Map below.

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.”. Each group oversees freight that enters their region and plans for specific market trends in their respective states. Outbound freight to New Jersey is almost non-existent.

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. .

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

Talking Logistics

Now, on to this week’s supply chain and logistics news… Wal-Mart says it is 6-9 months from using drones to check warehouse inventory (Reuters). DAT Launches Streamlined TMS for New Freight Brokers. One of my supply chain and logistics predictions for 2016 was that drones would have a breakout year — not in delivering packages to consumers, but in yard and warehouse management. What was your first concert?