Hurricane Irma's impact on freight appears to be following patterns that are more typical of a big weather event, while Harvey was exceptional in many ways.That's because Florida is more of a destination than an origin during this season, but Houston is a manufacturing powerhouse that also serves as a major freight hub for rail and sea traffic, as well as trucking.
Hurricane Harvey is going to have a big impact on freight transportation and logistics in the weeks and months to come. Houston is a huge hub for all types and modes of freight, including not only trucks, but also rail and sea.
An independent financial research firm has developed a set of freight barometers based on data from DAT. The company says the barometers provide predictive value in determining the magnitude and direction of trends in both spot and contract market rates, and for the overall economy.
While the average load-to-truck ratio in April was 3.5 for vans and 6.6 for reefers, the flatbed load-to-truck ratio was 43.7 loads per truck! That’s the highest monthly load-truck-ratio we've seen in years.
I was recently interviewed by the Wall Street Journal about the market conditions for trucking in Q1. There’s more cargo moving through the country right now, but pricing hasn’t moved up at the same pace. The paper noted the trend, citing data from DAT and interviews with carriers like J.B. Hunt and Swift.
The collapse of a section of a bridge section on I-85 just north of Atlanta was startling for two reasons: no injuries were reported, and its impact on spot market truckload freight has been and will be minimal.
At the beginning of the year, Mark Montague declared that the freight recession was over. Not long after that, we slid into the slow season for freight, with a steady decline in van and reefer rates for several weeks now. That's left a lot of people wondering whether or not the freight recession really is over.
<p>California's weather—good or bad—has a major impact on truckload capacity. California supplies nearly 50% of the nation’s produce, and Ontario and Fresno were among the top 10 key market areas for reefer freight last year. See how drought and floods are affecting this area.</p>