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Freight Market Update and Q2 Trucking Outlook

Zipline Logistics

Following an unprecedented downturn, the freight market has posted an almost full calendar year of impressive growth spurred by demand from a few sectors of the domestic economy. The second half of the past quarter was highly atypical and posted freight volumes that vastly exceeded those generally seen during peak season.

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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. Columbus to Memphis lost 10¢ of the previous week’s gain, back to $1.70

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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. There isn’t much urgency for long-haul freight at this time of year, so a lot of shipping has moved over to rail. Steel tariffs have also made new projects more expensive, since it’s not easy to source domestically.

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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. Regional van markets like Dallas and Memphis —which send freight to Houston—seem to be impacted by the slowdown in oil drilling as well. What happened?

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This Week in Logistics News (April 22 – 28)

Logistics Viewpoints

US homes 8 retailers keeping Earth Day alive through a commitment to sustainability Ground parcel delivery costs reached a record high in Q1, although pricing discounts from carriers softened the blow, according to the TD Cowen/AFS Freight Index. tractor fleet and sourcing 100 percent renewable energy by 2030, according to the press release.

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Sun Belt States are Hot for Seasonal Freight

DAT Solutions

Freight markets are heating up in the Sun Belt. Flatbeds saw rising freight volume and rates in the Southwest and a handful of Southeastern markets. Rates improved in Dallas , Atlanta , and Memphis , as well as L.A. Flatbed freight is strongest in the Southeast region, but not in the usual locations. and Stockton.

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Van Ratios and Rates Hit Record Highs at End of Quarter

DAT Solutions

The combination boosted demand, as shippers wanted to move freight out the door before the end of June. One additional source of rate pressure looms, however: Amazon's Prime Day, with special deals on merchandise and shipping, is coming up on Tuesday. Outbound rates in Memphis are up 14% for the month. loads per truck.