rates

Van, flatbed rates flat in September, reefer rates tumble

Per-mile rates on the spot market remain well below levels seen in 2014 and 2015, as diesel prices fell off and freight slowed.

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Spot market update: If you’re following the demand, ‘Go west, young man’

"The whole West Coast is showing good freight and rising rates," notes DAT's Ken Harper, particularly in van/reefer segments. "L.A.-Long Beach was driven by the Hanjin debacle," the abrupt bankruptcy of the Hanjin ocean shipping company, but Northern California and the Northwest are showing improvement as well.

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Rates, especially in the west, to spike due to major maritime carrier bankruptcy

Last week on the spot market, the load-to-truck ratio for outbound loads in the Los Angeles area shot up to about 7 load postings on DAT’s load board per one truck posting. The average is about two loads to one truck. The recent imbalance in loads to trucks puts upward pressure on rates.

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Negotiating rates without needing ‘extra blood-pressure medicine’

Conceive of negotiations over loads/rates as an opportunity to start or extend a potential long-term business relationship -- don't leave money on the table, but always keep in mind this rule of thumb: "If both sides aren't happy in the end, it's not negotiating."

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Rates could see a big boost in 2017 and 2018, forecasters say

The combination of major trucking regulations like the DOT’s electronic logging device mandate and the EPA’s coming emissions standards, increasing fuel costs and a boost in manufacturing will likely lead to an industry capacity crunch and a big increase in rates, said forecasters this week.

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Spot market UP-date, weekend edition: Good news for a change

The weekly demand charts from DAT came in a smidge later than usual this week, so I thought I'd host them here on the blog this time around. Data is for the week prior to Labor Day, and the good news is that volume and load-to-truck ratios rose on the spot market and rates followed, especially for vans and reefers. Van rates added 6 cents, and reefers got 3 cents themselves. Flatbeds gained just a penny per mile. ...

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Driver shortage alarm, redux: ‘Turnover is the real problem’

And for too long, the situation for many drivers has been one in which "the rewards don't match the requirements of the job," said ATBS' Richard DeForest at GATS. That won't change until freight rates are able to support a better annual income for the most important part of the supply chain -- the driver.

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Reefer rates climbed in August, flatbed and van rates fell

Per-mile rates on the spot market mostly continued to tumble in August, according to monthly rate data from Truckstop.com. Reefer rates were the lone bright spot in the month’s rates report, climbing 4 cents a mile. Dry van and flatbed rates both posted declines.

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Spot market update: Local demand indicators for three major segments in the last week

A somewhat lackluster week on the spot market saw van and reefer volume increase slightly, but rates were more or less unchanged as a national average. Flatbed volume and rates considered broadly continued to drift down, but Savannah-Charlotte was a hot round trip.

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Prediction: Rates will jump with ELD transition

"We're going to have a truck shortage when this ELD rule gets put into effect," said ATBS' Todd Amen said during his Partners in Business GATS presentation. "Essentially it's like taking 200,000 to 300,000 trucks off the road." Here's how much he sees rates jumping.

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