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>
The freight recession is over. An 18-month malaise was triggered by the worldwide collapse of oil prices at the end of 2014. Freight volume and rates began to revive in May 2016, and year-over-year volume comparisons turned positive in August. Instead of tapering off after October, however, a boom market emerged for truckload transportation in November and December. What does it mean for 2017?