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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. That was back when demand for trucks skyrocketed because extreme winter weather caused massive disruption to supply chains.

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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. Fresno to Seattle was up 30¢ to $2.80/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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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. Out of California, Fresno to Denver rates hit $2.39, up 30¢ from the week before. FALLING LANES.

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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. Eggs are usually cheap freight, though.

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Van Rates Surge 6¢, Reefers Add 1¢

DAT Solutions

Michigan and Illinois had pretty good load volume for vans, but they also had lots of trucks available, so the statewide ratios fell below the national average. Markets with rising rates included Los Angeles, Fresno, Grand Rapids, Rock Island, Philadelphia and Miami. Rates trended up in some key markets and down in others.

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