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. Dallas rates also soared, as some freight was diverted to that busy freight hub. Rates rose in Columbus , as well, as population centers in the Northeast are receiving more freight from that direction. Stockton, CA , showed the least price movement among major freight markets last week, and outbound volumes there were off by 14%.

Freight Availability Remains High, Despite Declines

DAT Solutions

In fact, there were more load posts on DAT Load Boards from January through September 2015 than in any other year except 2014 -- which was an exceptional year in freight transportation. Rates are derived from DAT RateView and are based on actual rate agreements between freight brokers and carriers, on 65,000 point-to-point lanes across North America. 18-24, above, also shows favorable load-to-truck ratios in the Dakotas, but freight volume there is more moderate.

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Where's the Freight? 5 Markets with Lots of Van Loads

DAT Solutions

Of the 13 major van freight markets tracked weekly in DAT Trendlines , only Memphis had an average outbound rate above $2.00/mile last week. Dallas is the top destination for loads, but Texas is in a freight slump. MINNEAPOLIS: The Upper Midwest has been strong for van freight thanks to fall harvests. Minneapolis ranks in the top 10 for spot market volume so far this month, and the backhaul lane to Chicago has averaged $1.70/mile. Freight Rates

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. Green Bay to Minneapolis also jumped up 48¢ to $3.49/mile – possibly a Super Bowl effect?

Spot Freight Volumes Get Welcomed Boost

DAT Solutions

We got a welcomed surge of spot market freight to close out July. That would’ve led to more reefer trucks competing for van freight, and the extra capacity kept rates down. The highest outbound average last week was Green Bay , but the lane to Minneapolis dropped 49¢ to $2.27/mile a more normal price for this time of year. It's unusual to see an uptick in volumes at this point in the summer, but the top 100 van lanes set all-time records for volumes last week.

Is the Freight Recession Really Over?

DAT Solutions

At the beginning of the year, DAT Pricing Analyst Mark Montague declared that the freight recession was over. Since then, we've been in the middle of what's traditionally been the slow season for freight. The steady decline in van and reefer rates over the course of several weeks left a lot of people wondering whether or not the freight recession really was over. A month later, others analysts from around the industry started to come to the same conclusion.

Major Freight Markets Saw Biggest Rate Surge of the Year

DAT Solutions

Freight patterns showed increased retail trade ahead of Memorial Day weekend, and since some drivers finished the week up early ahead of the holiday weekend, capacity also tightened. The tighter capacity meant that many shippers had to pay a premium to move freight ahead of the holiday weekend, so outbound rates were up in almost every major van freight market. Volumes in Birmingham are still soft, except for local freight.

Freight Rates Were Mostly Neutral Ahead of Winter Storm

DAT Solutions

That'll no doubt affect freight movements, with trucks banned from some highways in the Northeast while Connecticut, Pennsylvania, and Virginia declare states of emergency. Charlotte joined Atlanta as an early leader ahead of the spring freight season, but the story for the past few weeks has been Houston. That includes van freight, but it’s especially true for flatbed. A blizzard has left much of the East Coast buried under snow.

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. Flatbed freight was strong in March, and there was a spike in rates to close the month. Lots of lanes were paying summer-like rates last week: Rock Island to Minneapolis was up ▲62¢ to an average of $2.67/mile. Spot market volumes were down during the first week of April.

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. Flatbed freight was strong in March, and there was a spike in rates to close the month. Lots of lanes were paying summer-like rates last week: Rock Island to Minneapolis was up ▲62¢ to an average of $2.67/mile. Spot market volumes were down during the first week of April.

All-Inclusive Freight Rates Update: US FTL Freight Rates Under $1,000 USD with Guaranteed Pick-Up

Freightera

For examples of such rates, find below some of the super-competitive FTL freight ones our customers have recently searched for! To learn more about FTL vs. LTL freight shipping, click here or give us a call at 1800 886 4870 ext. From Chicago, IL 60604 to Minneapolis, MN 55415 – $837.46 Ready to book our instant online freight shipping rates? Freight Rates freight rates FTL Shipping

Will sub-zero temps stall trucking operations?

DAT Solutions

often suffer from all kinds of severe weather during the first quarter, impacting freight movements. Then temperatures suddenly plunged into the single digits and below in much of the Midwest, including sub-zero temps in Chicago and Minneapolis. If freight needs protection from freezing, the shipper may need to change routing instructions. Large swaths of the U.S. This winter could be one of the coldest yet.

Reefer Demand Focuses on the Midwest

DAT Solutions

Rates out of Minneapolis are also on the upswing. Green Bay to Minneapolis surged, up 75¢ to $2.88 per mile, as freight volume out of Southern California continues to drop. Chicago to Minneapolis rates fell 18¢ to $2.27 per mile, as rates out of Minneapolis are trending up. The national average for reefer rates stayed put at $2.07 per mile last week, but pricing got rearranged by region.

Minnesota turkeys are stuffing outbound trucks

DAT Solutions

So it's no big surprise that the Minneapolis market area was also the land of a thousand loads (per day) in the first half of November, as fresh turkeys got stuffed into temp-controlled trailers during the run-up to Thanksgiving. There were also hundreds of trucks available, so the load-to-truck ratio out of Minneapolis didn't go above 5-to-1 last week, when the national average for reefers rose from 7.0 When you sit down to Thanksgiving dinner in the Midwestern U.S.,

Van and Reefer Rates Start September on a High Note

DAT Solutions

Freight volume AND RATES got a healthy boost last week for all equipment types. You can expect to find good van freight at good rates well into September. Southbound rates are up all over, from Oregon to the big freight markets in the Mid-Atlantic States. VAN TriHaul: Minneapolis - Chicago - Des Moines - Minneapolis (or vice versa). Rates were up 16¢ from Minneapolis to Chicago to $1.84 Good news, everyone!

There’s Something Happening Here (With Truck Drivers, Logistics Planning)

Supply Chain Collaborator

Join us for a look back at the intersection of trucking, civil unrest and an examination of how logistics planning and management software helps keep freight moving in spite of upheaval and disruption. The images of truck driver Reginald Denny pulled from his tractor and beaten to near death during the LA Riots in 1992 are eerily similar to the beating of driver, Bogdan Vecherko on a freeway bridge in Minneapolis this week.

Reefer rates rise as Florida hits its stride

DAT Solutions

Freight volumes surged about 25% out of both Miami and Lakeland, FL, and some lanes about of Florida saw rates jump as much as 85¢ per mile. 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. Green Bay to Minneapolis dropped 28¢ to $2.52/mi.

Have Van Rates Hit Their Peak?

DAT Solutions

Temperatures on the round trip between Chicago and Minneapolis have been extra frigid, but rates were hot last week in both directions: Van rates on Chicago to Minneapolis were up 39¢ to an average of $3.06/mile. The return trip from Minneapolis to Chicago was up 29¢ to $2.67/mile. The national average van rate has soared in the new year, hitting a whopping $2.30/mile on January 6th.

Flatbed Volume and Rates Gain Traction in June

DAT Solutions

Flatbed freight volume and rates gained some traction in June, after a couple of slow months. Texas had the biggest rebound last week, partly due to a surge of loads leaving Houston, the biggest flatbed freight market in the country by far. Rock Island, IL to Minneapolis was down to $2.47 National average rates gained 6¢ per mile, to $2.16 including the fuel surcharge.

Reefer Rates Respond to New Regulations and Pre-Holiday Urgency

Bobsguide

Combine all that with the tighter capacity that came about as a result of the ELD mandate going into effect, and you get higher rates out of nearly every major market for refrigerated freight. Just like with dry van freight , Dallas posted the biggest increases, with the average outbound rates up 13%. Green Bay to Minneapolis dropped 18¢, to $2.96/mile. Last week was a short week, as most carriers needed to get drivers home in time for the Christmas weekend.

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. Chicago to Minneapolis also climbed 21¢ to $2.76/mile.

Reefers still waiting for spring

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. The Lakeland, FL market had an impressive increase in freight, but Fresno and Nogales both dipped lower and canceled Florida's gains. Lack of freight volume is hurting spot market reefer prices.

Booming Oil Industry Boosts Flatbed Demand

DAT Solutions

Rock Island, IL, to Minneapolis rose at an average of $3.71/mile. Florida has a balance problem, where the demand for inbound freight is much higher than the demand for outbound trucks. The energy sector heated up in January, which contributed to higher flatbed load counts for the month. Bad weather in some parts of the country also disrupted construction, though, which led to some pretty uneven changes in flatbed lane rates in January.

Reefer Rates Continue to Cool

DAT Solutions

February is usually the slowest month of the year for spot freight, and declines in reefer rates have been sharper than in the van segment. There were a lot of dramatic shifts in load counts last week in the major markets for refrigerated freight, which led to some price swings. Elsewhere, Green Bay to Minneapolis was down 39¢ to $2.56/mile, and the cross-country haul from Twin Falls to Baltimore paid 34¢ less on average at $2.48/mile.

Miami 70

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. Freight capacity — how long will equilibrium last? He has handled multiple accounts for utility sites that require consolidation of vendor freight and expedited shipments.

Signs of Spring in Flatbed Markets

DAT Solutions

Looking to move flatbed freight? DAT has the largest digital freight marketplace in the trucking industry, with more loads posted daily than any other load board. Rock Island to Minneapolis rose 54¢ to $2.76/mile. Flatbed trends have been mostly neutral overall so far in February. There are signs of spring, with higher volumes in many markets over the course of the past three weeks. That’s been offset by a slump in volumes out of Houston , though.

Is the spot market sputtering or stabilizing?

DAT Solutions

Reefer volumes have fallen, though, and that's also kept van rates in check since reefer trucks compete for van freight during slow periods. 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. Green Bay to Minneapolis fell 28¢ to $2.25/mile.

Florida Reefer Rates Take a Dive

DAT Solutions

DAT load boards provides the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions. Grand Rapids, MI to Madison, WI fell 19¢ to $2.97/mile, and the lane from Chicago to Minneapolis moved down 12¢ to $2.63/mile.

How the Latest Government Shutdown Affects Today’s Transportation Professionals

Talking Logistics

Often, cross-border freight requires approval from partner agencies — the U.S. As the shutdown continues, more cross-border freight delays will occur as well as some ancillary impact that motor carriers may see while the U.S. Jason is member of the Minnesota Freight Advisory Committee (MFAC) and serves as an election judge in the City of Minneapolis. Whenever a government shutdown happens, there are bound to be areas of disruption within our industry.

Reefer Rates Add 1¢, as Apples Start Rolling Out

DAT Solutions

Rates edges up 1¢ per mile last week, as reefer freight availability added another 4% on the spot market last week, and truck posts were mostly stable (up 0.3%) on DAT Load Boards. Minneapolis was another ripe market for reefers. Rates are derived from DAT RateView, and are based on actual rate agreements between freight brokers and carriers.

Van Rates Still Feeling Pressure for the ELD Mandate

DAT Solutions

Chicago to Buffalo came back down 29¢ to $3.55/mile – rates in the opposite direction also fell 29¢ The Super Bowl has led to higher demand for freight heading into Minneapolis , so outbound prices are down. Van rates and load counts have been trending down for three weeks, and the national average van rate slipped to $2.26 per mile last week. Those are all normal January trends. That’s still a really high national average, though.

Is the spot market sputtering or stabilizing?

DAT Solutions

Reefer volumes have fallen, though, and that's also kept van rates in check since reefer trucks compete for van freight during slow periods. 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. Green Bay to Minneapolis fell 28¢ to $2.25/mile.

4 Reasons We Love the Drivers Who Keep Our World Moving

CH Robinson Transportfolio

– Bernt ‘Smitty’ Smith, capacity manager, Minneapolis Surface Transportation. Being able to impact their business by finding them freight to get them home is a perk of working with these professionals. I know what kinds of loads and lanes they prefer most, and enjoy finding freight I know will be good for their business. 4 Reasons We Love the Drivers Who Keep Our World Moving. This week is National Truck Driver Appreciation Week , a time to show our gratitude to the 3.5

Demand Surges in Final Week of 2015

DAT Solutions

The calendar was a big factor, as shippers try to push freight out the door before the end of the fiscal year or quarter. Large carriers might still make all their scheduled deliveries, but they don't take a lot of exception freight when fewer drivers are willing to work. loads per truck, mostly because truckers were more likely than freight brokers to take vacation during the week between Christmas and New Year’s Day.

Low Reefer Demand Drags Down Van Rates

DAT Solutions

Spot market freight has stabilized in recent weeks, and last week we saw load-to-truck ratios rise for every trailer type. For one, lackluster contract freight volumes has led to more contract carriers putting trucks on the spot market, and the extra capacity has kept rates from rising in many places. Reefer demand has also been low, and when there isn’t enough reefer freight to go around, those trucks start competing for van freight.