business

Rates and volumes way up in the spot market

Any owner-operators shutting down this week in protest of the electronic logging device mandate might have missed some of the best freight and rate conditions on the spot market that have been seen in the past several years. Updates for dry van, flatbed, based on last week's data.

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Comdata, FR8Star partner on dynamic load payment

Using Comchek Mobile, carriers hauling heavy-haul loads booked on FR8Star.com will be able to receive fuel advances at the moment of pickup as well as full payment quickly after Proof of Delivery is received.

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Spot market gains in the last week — dry van, reefer at record volumes

Up, up, up: Spot market volumes hit an all-time high on the top 100 van lanes last week. And at $1.94 per mile, the national van rate is the highest it’s been in two and a half years – 16 cents higher than the overall August average.

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Spot market tightens, with rates moving accordingly on several lanes for vans, reefers

Capacity has been tight on the spot market, volumes heavy. Nationally, there are more loads available than there were before Hurricane Harvey, and recovery efforts after Irma have led to soaring van rates on lanes heading into Florida. More snapshots on hot and cold lanes, markets and more here.

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‘Predictive’ freight matching from Trucker Tools

Available to carriers at no cost, Smart Capacity optimally recommends loads for drivers and assets within a carrier’s network of 3PL/broker partners to improve visibility and operational efficiency.

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Spot update shows high demand across the country — vans, flats in detail, disaster-relief opportunities, more

Freight lanes re-orient North-South as demand picture shifts for dry vans. Some platform opportunity exists, notes FEMA contractor Foxhole Logistics, and in general terms the typical late-September-beginning fall freight season may be getting an early start.

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In the freight rate/availability weeds this disastrous week

With Hurricane Irma on the way and Harvey's effects being felt, the two natural disasters are "coming on top of a robust economy," notes DAT's Ken Harper, which could bode well for parts of the national freight market in the coming weeks.

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Flatbed rates hit multi-year high in August as van, reefer slump pre-Harvey

The effects have Hurricane Harvey have pressed van and reefer rates higher to start September, but the two segments both saw declines overall in August from July, according to monthly rate data provided to Overdrive by Truckstop.com. Flatbed, meanwhile, hit its highest average in nearly three years in August, according to Truckstop.com’s data.

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Spot market update: Harvey ripple effects, lookback on dry van demand through 2017 so far

The demand map for the dry van segment continued to be on the darker, truck-favorable side in the last week, part of a somewhat uncommon trend in the spot market for this time of year. Run through the shifting sands of van demand so far this year in a video, and more in this week's update.

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Hwy Pro web portal offers dispatch, business services

Coming to a smartphone near you is the Hwy Pro business process technology outsourcing app, which has already launched as a web portal -- optimized for mobile devices -- that gives participating owner-operators access to loads, invoicing and payment services.

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