article thumbnail

U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

The Logistics Managers Index ReportĀ® , compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of Supply Chain Management Professionals (CSCMP), reported an April 2023 value of 50.9,

article thumbnail

Booming Oil Industry Boosts Flatbed Demand

DAT Solutions

Houston is the number 1 market for flatbed loads, and volumes have improved there, even though rates haven’t followed suit yet. Continuing the regional theme out of Nevada: Flatbed rates from Reno to Seattle rose to $2.97/mile. The energy sector heated up in January, which contributed to higher flatbed load counts for the month.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Spot Market Gets a Strong Start to May

DAT Solutions

Houston rates jumped up 3% higher last week, and prices out of California are trending up due to tomato production. Historically, Houston to Chicago is a low-paying backhaul lane, so it’s rare to see the price jump up 13¢, especially when rates and volumes are also up out of Chicago. The other 17 held steady week-over-week.

article thumbnail

Storms and Rising Fuel Costs Put Pressure on Flatbed Rates

DAT Solutions

Houston to New Orleans tumbled, but still averaged $2.49 Volumes have bounced back in Fort Worth , but the lane to Houston dropped to $2.27 Nevada is still dark in the Hot States Map above, though, and rates could rebound once as volumes rise along the Gulf Coast. FALLING LANES. per mile – still 12-15% higher than normal.

article thumbnail

Have Van Rates Hit Their Peak?

DAT Solutions

Capacity is also starting to loosen in California, Nevada, and Florida, and there were more lanes with significant declines than what we've been seeing in recent weeks. Houston was the top market for rising volumes, and outbound rates were up 6% on average. In warmer conditions, the lane from Houston to New Orleans rose 18¢ at $2.92/mile.

article thumbnail

This Week in Logistics News (October 14 ā€“ 20)

Logistics Viewpoints

Amazon says its new robotics system, named Sequoia after the giant trees native to Californiaā€™s Sierra Nevada region, is designed for both speed and safety. Amazon launched the system this week at one of its warehouses in Houston. It is also set to alter how many of the companyā€™s vast army of workers do their jobs.

article thumbnail

Spring Came Early in These Freight Markets

DAT Solutions

Load counts slipped in Houston , but that market has been relatively strong all winter long. The number of loads heading from Pittsburgh to Houston was down sharply, and rates came crashing back to earth at an average of $1.67/mile. It closed the week strong, too, and the load-to-truck ratio hit 5.6 on Friday, compared to the 2.9