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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. The lane from Sacramento to Denver paid 24¢ better on average, at $2.63/mile. Rates could continue to rise.

Freight 90
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Reefer Freight Adjusts to Post-Holidays, Post-ELD

DAT Solutions

The demand for refrigerated trailers peaked at year-end, but the extra-cold weather in many parts of the country has kept prices at record-setting levels in many areas, since those trailers are being used to keep freight from freezing. Miami, Denver, Sacramento and Lakeland, FL , all experienced sharp drops last week.

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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. Miami continued to ship lots of reefer roads, while Lakeland in the central part of the state joined the Florida parade.

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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. Miami continued to ship lots of reefer roads, while Lakeland in the central part of the state joined the Florida parade.

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Reefer Demand Focuses on the Midwest

DAT Solutions

On the down side, Nogales, AZ, rates slipped lower, and Sacramento gave up the previous week’s gains in rates and volume. 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.

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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. Sacramento to Denver slipped 14¢ to $2.17/mile.