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%.

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.,

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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.

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.

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.

This Week in Logistics News (January 9-13, 2017)

Talking Logistics

Target invests in Minneapolis start-up that helps retailers monitor supply chains (Star Tribune). November 2016 Freight Transportation Services Index (TSI). Source: Amazon patent filing. If Amazon has serious plans of realizing this idea, there’s already a company in the UK called Mole Solutions that has been working on creating “underground freight pipelines” since 2002.