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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. Another cost of Hurricane Harvey: many Houston-area refineries were offline, and some remain closed for now. Not surprisingly, the Dallas to Houston lane rate soared from $2.40 per mile.

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How Ecommerce Brands Are Helping Fight COVID-19 (Coronavirus) + Resources for Those in Need

ShipBob

They will deliver free, fresh salads and bowls to hospitals in the cities they serve: DC Area, Philadelphia, Boston, NYC, SF, LA, Chicago, and Houston. Sweetgreen is offering free meals to healthcare workers and first responders in the coming days. Submit your hospital here. Free scrubs: Figs.

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How Will Hurricane Harvey Affect Freight Rates?

DAT Solutions

Trucks can’t get in or out of Houston , which is a huge freight hub – it’s the number 1 source of loads for flatbeds, thanks to the oil and gas industry, and one of the top 5 or 6 markets for both van and reefer freight. Philadelphia to Boston rates rose 25¢ to $3.53 RISING LANES. FALLING LANES.

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Loads and Rates Rise as Month Ends

DAT Solutions

Van rates rose sharply last week in Los Angeles and Stockton , and rates are rising in Dallas and Houston , although they’re still not great. Vans even got a rate increase in the Northeast last week, as outbound lanes improved in Philadelphia and Buffalo. per mile last week, in both directions between Houston and New Orleans.

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Summer freight: Calm before the storm?

DAT Solutions

The spot market cooled in Texas , and outbound rates in Dallas and Houston have fallen more than 10% in the past month. Steel tariffs have also made new projects more expensive, since it’s not easy to source domestically. Atlanta to Philadelphia dropped 24¢ at $2.64/mile. Dallas to Denver lost 25¢ at $2.59/mile.

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Sun Belt States are Hot for Seasonal Freight

DAT Solutions

Outbound rates fell in key Northern markets, including Chicago , Denver , and Philadelphia. The big Texas markets, primarily Houston , but also Dallas and Fort Worth , continue to be stable and reliable sources of flatbed loads. ” Weather could be a factor, at the beginning of a seasonal transition. and Stockton.

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