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.

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.

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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. Out West, Fresno and nearby Sacramento were off for this time of year. 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.

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. Miami continued to ship lots of reefer roads, while Lakeland in the central part of the state joined the Florida parade. We expect load counts to pick up there and in the border market of McAllen, TX , with avocados shipping ahead of Cinco de Mayo.

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. Miami continued to ship lots of reefer roads, while Lakeland in the central part of the state joined the Florida parade. We expect load counts to pick up there and in the border market of McAllen, TX , with avocados shipping ahead of Cinco de Mayo.

This Week in Logistics News (February 4-8, 2013)

Talking Logistics

FedEx Introduces Enhancements to Deep Frozen Shipping. Cass Freight Index Report – January 2013. 2013 is off to a slow start for freight shipments, according to the Cass Freight Index Report for January. Here is an excerpt: Both shipment volume and total freight payments declined significantly from December [2012] to January [2013], as the economy slowed to a near stall.

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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. The overall picture was a bit more mixed than with van freight, though, where rates were up pretty much across the board.

Reefer volumes gearing up for fall holidays

DAT Solutions

Even though rates are slow to respond, freight volumes are rising as we get closer to the fall holidays of Halloween and Thanksgiving. Most parts of California are shipping more loads, especially the Fresno market in central California. Changes in the ratio often signal impending changes in freight rates. Activity is also up from the Nogales, AZ, market, as well as Florida and South Texas. Offsetting this are declines out of Atlanta, Grand Rapids and Sacramento.

Reefer Demand Focuses on the Midwest

DAT Solutions

More loads left Fresno last week, too, but the volume hasn’t been high enough to change pricing very much. Miami rates also dropped 4¢ per mile, but rates and volume there may increase in the coming weeks, as ships full of South American produce are diverted from Houston to the Port of Miami. per mile, as freight volume out of Southern California continues to drop. The national average for reefer rates stayed put at $2.07

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. Out of California , volumes were flat, with higher load counts out of the Fresno area offset by declines farther south.

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. Rate increases were seen in Fresno, CA , and McAllen, TX , two of the nation's top produce markets.

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. Did you know that California ships 87% of the strawberries in the U.S.?

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