Rate Trend of the Week

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L.A. freight gets a tailwind from hurricanes and typhoons

West Coast van freight heated up last week, especially in the Los Angeles market. Blame the weather. Even from a great distance, three September storms had an impact on California cargo in mid-October. In mid-September, we were focused on evacuating the Carolinas and diverting trucks and freight away from Hurricane Florence. Cargo ships were re-routed or delayed en route to and from ports from Savannah to Baltimore.During the… Read More

Hurricane Michael halts shipments

Once again, the supply chains were dealt a major disruption last week from Mother Nature.With Hurricane Florence, the advanced warning allowed businesses to plan ahead, reschedule shipments and reposition their trucks. Hurricane Michael, on the other hand, went from a tropical depression to a Category 4 storm in just two days. That caught many people and businesses off guard, and the storm left near-total destruction in many coastal… Read More

Reefer volumes gearing up for fall holidays

Even though rates are slow to respond, freight volumes are rising as we get closer to the fall holidays of Halloween and Thanksgiving. Most parts of California are shipping more loads, especially the Fresno market in central California. Activity is also up from the Nogales, AZ, market, as well as Florida and South Texas. Offsetting this are declines out of Atlanta, Grand Rapids and Sacramento.Last week the top 72 reefer lanes were… Read More

Van Freight Stabilizes in Early October

Spot market line haul rates are now only 5% higher for vans now than they were a year ago, rising from $1.74 to $1.83 per mile not including the fuel surcharge. And the number of van loads that have moved in this time frame is nearly identical to 2017.You’d expect this season to be more different from early October 2017, when Hurricanes Harvey and Irma still had a massive impact on supply chain operations. Plus, the ELD mandate… Read More

Spot market settles after Hurricane Florence

As people in the Carolinas try their best to return to their normal routines, the freight markets have settled back down into typical seasonal trends following Hurricane Florence.Unlike with Hurricanes Harvey and Irma, the impact from Florence on freight movements was mostly felt regionally. There wasn’t a cascading effect across the supply chain like what we saw last year. For one, there was plenty of warning ahead of the storm.… Read More

Prices fall as flooding halts freight

As many parts of the Southeast deal with flooding as a result of Hurricane Florence, the transportation industry is re-adjusting to recovery mode, as demand for emergency freight shipped to the area will increase in the coming days. That typically comes with a temporary spike in inbound rates to the affected region, and it also means… Read More

How Hurricane Florence affects freight

When disaster strikes, trucks are needed to get emergency supplies where they're needed most. But as has been the case with Hurricane Florence – which is anticipated to make landfall on the mid-Atlantic coast later this week – we're seeing how trucks are a big part of the preparation process before the storm, too.Big weather events like this usually… Read More

Are rates ready for a rebound?

If you make your money on the truckload spot market, you had stiffer competition from rail and contract carriers last month. Shippers moved more intermodal and contract freight in August than they did in previous months, and spot market rates fell as a result. A late-summer slide is normal for freight rates, but August was otherwise a strong month for spot market volumes. At this time last year, spot… Read More

Reefer demand heats up, but rates lose a penny

It could be a little tougher than usual to find reefer equipment this week. The run-up to Labor Day weekend and the new school year typically leads to a surge in demand for transportation of fresh food.This year, the back-to-school grocery fest coincides with late-summer harvests. Apples, pears, onions, and potatoes are rolling out of orchards and fields in the Upper Midwest, Pacific Northwest, and parts of the Northeast, just as… Read More

Flatbed ratio reverses 10-week decline

The load-to-truck ratio for flatbeds rebounded last week to 28.4 loads per truck, after losing traction for ten straight weeks. The national average flatbed rate dropped 1¢ to $2.66/mile, but it may trend up again before the month ends on Friday. Rates rose last week on half of the top flatbed lanes, while the other half went down, so we haven't hit bottom yet. More loads are moving out of Cleveland and… Read More