Florida’s Tampa Bay-St. Petersburg area is waking up to widespread damage from Hurricane Milton, just as residents, businesses and utilities were recovering from destruction wrought by another big storm just two weeks ago.
With supply chains adjusting to Hurricane Helene-related cleanup in the Southeast and uncertainty over a strike at East Coast and Gulf Coast ports, the total number of loads posted on DAT One increased 14.9% to 2.01 million week over week. That’s the highest number of available loads since Week 29 (July 7-13).
Returning to normal operations may take as long as a month, DHL Global Forwarding said.
Spot truckload rates are surging in the US Southeast and rising nationwide in the wake of Hurricane Helene and ahead of Hurricane Milton, which is expected to hit the Gulf Coast of Florida Wednesday before moving across the state into the Atlantic Ocean.
Leaders of technology companies are undoubtedly savvy as to how tech-forward products and services work; but that doesn’t mean they’re always clear on how to best leverage them.
Analysts said the freight market could improve in 2025 if more capacity leaves. Still, the market might be approaching an inflection point. In a recent conference call, Jefferies analysts highlighted freight market challenges and the road to recovery.
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A full week after floodwaters from Hurricane Helene washed out stretches of I-40 and I-26 and left mountain towns in Western North Carolina, Tennessee and Georgia cut off from the world, truckers began to notice something: No Federal Emergency Management Agency loads posted on load boards.
There’s no quick recovery ahead for the US truckload sector, either in terms of pricing or demand, executives from several logistics companies said Tuesday at the Journal of Commerce Inland Distribution Conference 2024 (Inland24).
In the complex world of U.S. trade, one startling statistic stands out: the most common “export” from the U.S. overseas is an empty container.