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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. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7

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This Week in Logistics News (August 28 – September 1, 2017)

Talking Logistics

Freight Companies Scramble to Reroute Goods in Wake of Harvey (WSJ – sub. Port Houston Container Terminals to Resume Operations Friday (WSJ – sub. LevaData to Transform Strategic Sourcing for Global Procurement and Supply Chain Leaders. UPS, FedEx resume operations in some parts of storm-battered Texas (Reuters).

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How to Protect Your Freight From Cargo Thieves

GTG Technology Group

5 Tips for Protecting Your Freight Against Cargo Thieves. Protecting freight is one of the responsibilities you have to your clients. A few areas with high rates of cargo theft are Los Angeles, New Jersey, New York, Miami, Houston, and Chicago. Sources: [link]. The average value of stolen goods per incident was $142,342.

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What happened to all the Texas freight?

DAT Solutions

In the first half of the year, the spot market in Texas was boiling over, with not nearly enough trucks to cover the growing demand for freight. Demand also cooled out of Houston, the largest flatbed market in the country and the top market supplying Midland and its surrounding counties. What happened? New pipeline projects underway.

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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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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. Air Freight.

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