Four factors added up to create extraordinary pressure on spot market truck capacity, driving rates up as high as we’ve seen them since at least 2010, when we established the freight rates database that forms the foundation of DAT RateView.
When we declared that the freight recession was over back in January of 2017, we expected it to be a bounce-back year for the trucking industry. What we didn’t anticipate was just how much demand on the spot market would explode.
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.