Severe weather causes freight rates to slip

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. National Average Freight Rates. An abundance of capacity has caused van rates to move lower, even though freight volumes in 2019 are actually above previous years' levels.

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. Crop production is rising out of the Northwest, so reefer rates fell on inbound lanes like Sacramento to Portland , OR.

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Rates and Demand Are Still High for Refrigerated Freight

DAT Solutions

Seasonal harvests are winding down, but capacity is still tight for reefer freight. Reefer rates on the lane from Sacramento to Portland soared 70¢ to $3.42/mile. Sacramento to Denver gained 29¢ at $2.55/mile. That’s led to higher reefer rates on the West Coast and in the Midwest. Potato shippers seem to be feeling the effects of the ELD protests that have been scattered across the country.

Spring freight rates: Stable or stuck?

DAT Solutions

Refrigerated produce freight has been notably absent from the picture, so that likely has some reefers competing for van freight. 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. National Average Freight Rates - April to-date.

New LTL freight rates in Canada and USA

Freightera

We don’t like to use the word “crazy” but what we’ve got for you is crazy-amazing savings in freight prices in both Canada and the USA, to help your business through these challenging times: Sample Rates in the USA (48” x 40” x 48”, 500 lbs, class 125): Los Angeles, CA to Sacramento, CA — was: USD $186, n ow: USD $109 (savings: 41%). Sacramento, CA to Houston, TX — was: USD $258, n ow: USD $189 (savings: 27%). Freight Rates

California Reefer Freight Starts to Heat Up

DAT Solutions

HOT MARKETS: The biggest changes last week were in California, where reefer freight finally started to move out of Fresno and Sacramento in serious quantities, but load counts fell sharply in L.A. Sacramento to Portland , OR rates soared 31¢ to $2.77 While Sacramento to Portland was up, Los Angeles to Portland rates fell 31¢ to $2.77/mile.

Freight Brokerage 'Booking Structures': Opportunities to Streamline Your Operations

Parade

Every freight brokerage uses one— or a combination of— four main booking structures: 1) Outbound region, 2) Inbound region, 3) ‘Carrier manager' model, and 4) ‘Free for All.' Without understanding the pros and cons of each booking structure, and what you are trying to achieve with your freight brokerage, you could: Limit your companies’ growth potential. In California, for example, they are focused on three main subregions; San Francisco/Bay Area, Los Angeles, and Sacramento.

Freight Brokerage 'Booking Structures': Opportunities to Streamline Your Operations

Parade

Every freight brokerage uses one— or a combination of— four main booking structures: 1) Outbound region, 2) Inbound region, 3) ‘Carrier manager' model, and 4) ‘Free for All.' Without understanding the pros and cons of each booking structure, and what you are trying to achieve with your freight brokerage, you could: Limit your companies’ growth potential. Freight Brokerage ‘Booking Structures’.

Thanksgiving surge boosts reefer prices; van freight heads east

DAT Solutions

Reefer $2.45/mile, up 4¢ Flatbed $2.42/mile, down 2¢ DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 279 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions. The map depicts outbound load-to-truck ratios by state, for dry van freight. The main driver of demand continues to be the Los Angeles freight market.

Hurricane Matthew Affects Spot Rates and Freight Volumes

DAT Solutions

Shippers paid more to move freight ahead of the storm, and then load posts dropped when the affected markets locked down at the end of the week. Out West, Fresno and nearby Sacramento were off for this time of year. The lane from Fresno to Denver was down 21¢ to $2.01/mile, and the average reefer rate for Sacramento to Salt Lake City fell 20¢ to $2.27/mile. Spot market rates were up last week, but volumes fell.

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. Sacramento to Denver was up 26¢ to $2.55/mile. 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. That led to an uptick in load posts on DAT load boards , but rates didn't respond.

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.

August Demand Stays Hot for Truck Freight

DAT Solutions

Freight out of Columbus is associated with retail traffic. More loads left Sacramento last week, too, but it’s still not a high-volume market at this point in the summer, so it didn't make a big regional impact. Load-to-truck ratios declined for vans and flatbeds on DAT load boards last week, but the average ratio rose for reefers. Rates lost a penny per mile for each of the three equipment categories, as a national average.

Freight Rates Are Coming Back Down to Earth

DAT Solutions

December was arguably the strongest month for freight in 2016. Spot market volumes still look strong, but contract freight has been a little slow. There's more freight moving out of Houston this month. Just like with vans, it may be a case of less contract freight moving, which has led to more capacity on the spot market. The exception was Sacramento , which was the only major reefer market with higher rates last week.

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. Out West, Sacramento to Portland gained 22¢ to $2.44/mile. Flatbed freight was strong in March, and there was a spike in rates to close the month. 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. Out West, Sacramento to Portland gained 22¢ to $2.44/mile. Flatbed freight was strong in March, and there was a spike in rates to close the month. Spot market volumes were down during the first week of April.

Freight Rates Are Climbing, Especially on These 3 Lanes

DAT Solutions

Outbound rates tumbled in Sacramento , so you’d be better off hauling out of Fresno this time of year. It's not uncommon for us to see a slump in rates after Memorial Day, but that wasn’t the case last week. Spot market rates continued their upward trend after the holiday, and retail shipments boosted prices on a few lanes. The Sun Belt is still strong, the Midwest continues to improve, and California volumes are holding.

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. Flatbed freight is strongest in the Southeast region, but not in the usual locations. Other warm-weather markets also got a boost last week, including Los Angeles , where outbound rates rose an average of 5¢, and Phoenix , where a big increase in freight volume led to an 18¢ jolt.

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This Week in Logistics News (April 4-8, 2016)

Talking Logistics

MercuryGate Launches Global, Omni-modal Freight Procurement Solution. As reported by Robbie Whelan in the Wall Street Journal : Stifel last week released a report targeting the entire truckload industry, writing that “pricing pressure is rampant in the generic freight market,” which includes most types of trucking services, while railroad carload pricing and freight rates among parcel carriers are on the rise.

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Spot Market Reefer Rates Hit a 3-Year High

DAT Solutions

Lately, the spot market for refrigerated freight has looked a lot more like June than November. Fresh produce often drives the demand for reefer freight, and this year, wet fields and high summer temps led to late planting and lower yields out of California. Now, reefer freight seems to be everywhere. Sacramento to Portland, OR , spiked 61¢ up to $3.47/mile. Last week, the national average reefer rate hit $2.40 per mile, its highest mark in 3 years.

This Week in Logistics News (February 4-8, 2013)

Talking Logistics

Cass Freight Index Report – January 2013. 2013 is off to a slow start for freight shipments, according to the Cass Freight Index Report for January. Here is an excerpt: Both shipment volume and total freight payments declined significantly from December [2012] to January [2013], as the economy slowed to a near stall. For each of the last two years, freight shipment volumes ended the year at about the same place they began.

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Lagging produce volumes hurt reefer rates

DAT Solutions

Expectations of a post-Easter rebound failed to materialize in reefer produce freight last week. 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. Truckload demand in Florida continued to build, especially late in the week, but rates were mixed.

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Reefer Demand Spikes During Inspection Blitz

DAT Solutions

Refrigerated freight was met with tight capacity last week, with the annual Roadcheck inspection blitz taking many trucks off the road. There was a big surge in reefer freight out of Elizabeth, NJ, though rates haven't responded yet. Sacramento to Portland added 50¢ to 3.21/mile. Sacramento to Salt Lake City rose 27¢ to an average of $3.00/mile.

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%. California lane rates had some dramatic increases: Sacramento to Portland, OR, soared 91¢ to $3.78/mile.

Reefer Rates Lose Traction in California Heat Wave

DAT Solutions

Spot rates are trending down for reefer freight, due to hot weather in Southern California. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 270 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions. Changes in the ratio often signal impending changes in freight rates.

Vans and Reefers Have a Friend in California

DAT Solutions

Shippers and freight brokers are singing a Merle Haggard classic this week, to their van and reefer BFFs: "L.A. Van fleets are singing a song about California, where freight is strong and getting stronger. Fresno and Sacramento have lots of loads, too. Rates from Sacramento to Portland, OR rose 28¢ last week, to $2.97 per mile, and Sacramento to Salt Lake City jumped up 19¢ per mile, to $2.73. What's your best state for freight this week?

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. Volumes dropped significantly lower out of Miami, Twin Falls, Chicago, and Green Bay , which offset gains from Los Angeles, Sacramento, and Elizabeth, NJ. Lack of freight volume is hurting spot market reefer prices.

Spring Produce Season: Where Are Reefers Needed?

DAT Solutions

DAT load boards provide 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. Reefer load counts were up in Sacramento , while outbound rates popped out of Fresno. Spring produce has gotten off to a slow start this year.

Reefer volumes gearing up for fall holidays

DAT Solutions

Even though rates are slow to respond, freight volumes are rising as we get closer to the fall holidays of Halloween and Thanksgiving. Offsetting this are declines out of Atlanta, Grand Rapids and Sacramento. DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 270 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions.

Reefer Demand Remains High in Mid-Winter

DAT Solutions

Reefer load counts stayed high through the second week of January, with temperature-controlled trailers being used in many areas to keep freight from freezing in the cold weather. Prices continued to slide out of Florida and California , with the exception of Sacramento. Ice and snow also caused hazardous road conditions in some areas. The weather wasn’t the only reason rates stayed high, though.

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. per mile, as freight volume out of Southern California continues to drop. The national average for reefer rates stayed put at $2.07 per mile last week, but pricing got rearranged by region. The dark areas on the Hot States Map above are areas where the load-to-truck ratio is highest for reefers.

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. Outbound volume rose in Nogales, AZ , and Sacramento , but as you can see in the Hot States Map above, there's no shortage of trucks in those areas.

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Rates Rise in Major Markets During Inspection Blitz

DAT Solutions

Retail freight is driving rates up in Memphis and Columbus , especially on lanes heading into the Northeast. Reefer freight is also looking up , but geographic shifts are underway. Things are heating up in California, with lots of loads rolling out of Fresno , and a big rebound under way in Sacramento. Prices surged in the major van markets last week, despite the fact that the national average van rate dipped 1¢ per mile.

Storms put damper on spot rates

DAT Solutions

Despite an increase in freight volumes, national average rates slipped again last week for vans and reefers. 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. National Average Freight Rates - April to-date.

Reefer Truck Shortages Push Rates Higher

DAT Solutions

DAT load boards provide 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. Out West, California pricing continues to improve, with rates up 25% in the past month out of Sacramento.

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