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Thanksgiving surge boosts reefer prices; van freight heads east

DAT Solutions

mile, down 2¢ 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. Los Angeles to Phoenix added 14¢ to $3.56/mile.

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Are High Freight Rates in December the New Normal?

DAT Solutions

Both those markets are distribution hubs for e-commerce, which has stretched the traditional holiday retail freight season well into December. A lot of holiday freight heading into the Northeast ends up in distribution centers in Allentown, PA, which has led to higher inbound rates there. Van loads heading from L.A.

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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. Chicago to Denver soared 27¢ to $3.17/mile.

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Truckload Rates Finally Catch Up to Freight Volumes

DAT Solutions

That's normal, since it comes right after the end of Q1, when shippers are rushing to move freight before closing their books. Reefer freight has been gaining momentum. Shipments out of the Santa Maria District also pushed rates up out of the Fresno market. Spot market volumes were down during the first week of April.

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Truckload Rates Finally Catch Up to Freight Volumes

DAT Solutions

That's normal, since it comes right after the end of Q1, when shippers are rushing to move freight before closing their books. Reefer freight has been gaining momentum. Shipments out of the Santa Maria District also pushed rates up out of the Fresno market. Spot market volumes were down during the first week of April.

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Spot Market Reefer Rates Hit a 3-Year High

DAT Solutions

Lately, the spot market for refrigerated freight has looked a lot more like June than November. Fresh produce often drives the demand for reefer freight, and this year, wet fields and high summer temps led to late planting and lower yields out of California. Now, reefer freight seems to be everywhere.

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Will Tighter ELD Enforcement = Tighter Reefer Capacity?

DAT Solutions

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. Out of California , Fresno outbound pricing jumped 4.4% HOT MARKETS.