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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. Another cost of Hurricane Harvey: many Houston-area refineries were offline, and some remain closed for now. Dallas rates also soared, as some freight was diverted to that busy freight hub.

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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. The firm’s Maersk Line container shipping business unit reported net profit of $2.3

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This Week in Logistics News (July 16 – 22)

Logistics Viewpoints

Körber acquires enVista’s omni-channel and global freight audit and payment services. Körber , an international technology group, has signed an agreement to purchase enVista’s platform of Enspire Commerce omnichannel solutions, including its order management system (OMS), and its freight audit and payment (FAP) service.

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China Exports Rebound Even as Western Markets Face Lockdown

Logistics Bureau

The huge build-up of containers at China’s docks has created a major ocean freight imbalance, with a shortage of cargo in US and European ports and a shortfall in boxes needed by Western exporters to ship products to other parts of the world. Ocean Freight. Air Freight. Ocean Freight. percent from February 2019.

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Four Risk Mitigation Actions for Weathering a Stormy Market

TMC

The recent decision by Japan’s three largest container companies to merge their shipping operations is yet another symptom of the volatility that is roiling the freight business. K” Line, MOL, and NYK are the three Japanese ship lines that are consolidating. Deciding whether to ship cargo via the U.S. Labor unrest in U.S.

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How Will Hurricane Harvey Affect Freight Rates?

DAT Solutions

Trucks can’t get in or out of Houston , which is a huge freight hub – it’s the number 1 source of loads for flatbeds, thanks to the oil and gas industry, and one of the top 5 or 6 markets for both van and reefer freight.

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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. Steel tariffs have also made new projects more expensive, since it’s not easy to source domestically.