Tag: rates: Page 23

Rates gain momentum in May, truckload segments climb for second straight month

Per-mile rates on the spot market soared in May, with rates in all three major truckload segments — van, flatbed and reefer — posting solid gains from the month prior.

June 5, 2017

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Lookin’ good? Spot market demand updates in flat, van, reefer

This week’s update shows spot market rates were up in anticipation of the holiday week this week. Most of the top lanes for all three major tracked segments (dry van, reefer, flatbed) were “lookin’ good, lookin’ good,” noted DAT’s Ken Harper attendant to this week’s load-to-truck demand maps and intel.

May 31, 2017

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Missing in action: ELDs’ impact on rates

Hoards of industry analysts and economists in recent years predicted ELDs would strip industry capacity and, thus, spur a rate boost while the market adjusted to the new normal. Some are starting to rethink that premise, however.

May 25, 2017

Latest ‘uber for trucking’ launches app — this time, it’s from Uber itself

“Uber for trucking,” long considered a freight-matching unicorn, has come to a kind of fruition, with the ride-sharing giant today unveiling its brokerage’s Uber Freight matching app aimed at the owner-operator market with a focus on dry van and reefer loads.

May 18, 2017

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Van shows sluggish volume signs on spot market

The national average van rate was down 2 cents to $1.68 per mile, but the average rate on the top 100 van lanes was up, suggestive of bright spots among the otherwise flat to down picture. Reefer hot spots, van hot spots and more detailed here.

May 17, 2017

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Overdrive Radio

Podcast: Cold water on the ELD mandate’s potential rates impacts

While recent polling shows most owner-operators view the ELD mandate’s chances of positively impacting rates either short- or long-term as good, don’t count OOIDA board member and B.L. Reever Transport small fleet owner Monte Wiederhold among the true believers.

May 12, 2017

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Flatbeds, van rates start May relatively strong on spot market

A bit of a volume slide in the last week on the spot market for flats and vans, but rates are up and demand remains good. Perhaps more truckers in high-demand areas are taking to heart what recent tactical patience discussions: The best things come to those who wait.

May 11, 2017

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Rates find solid footing in April, flatbed soars

Per-mile spot market rates for all three major truckload segments — dry van, reefer and flatbed — rose in April, according to data from Truckstop.com. The gains are in line with seasonal trends, but they could also reflect the beginning of a rate swell predicted by trucking analysts to occur this year.

May 4, 2017

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Van rates edge up nationally, reefer freight moving out of growing areas to the South

DAT’s Ken Harper notes the freight-volume picture was more or less the same as in March to close out the month. The final week of April, “we had expected a bigger bump with the usual end-of-month inventories being cleared, but the bump didn’t happen,” Harper says.

May 3, 2017

Charlotte has been a major source of van loads on DAT load boards this spring, and the lane to Philadelphia paid an average of $2.31/mile last week. But volumes are down coming back out of Philly, and the lane to Charlotte is a low-paying one by and large – averaging just $1.37/mile. Split the return with a leg from Philly to Charleston, W.Va. ($1.91/mile average lately), then another from there to Charlotte ($2.16/mile). Not counting deadhead, the extra drop and pick would add a little more than 200 miles and more than $740 in revenue, figuring the averages, if you can make it work with your hours.

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POLL: Will rates move in a positive or negative direction as a result of the ELD mandate?

What’s your view of the likelihood of a rates impact as a result of the ELD mandate — commentators have been on either side of the issue in recent time, some believing rates will rise, others doubting the projection.

May 1, 2017

Loose capacity a ‘speed limiter’ on rising rates in van freight

The national average van rate held tight at $1.68 per mile last week. Still, rising lanes continue to outnumber falling lanes in what’s been a slow and steady trend.

April 26, 2017

The national average van rate held tight at $1.68 per mile last week. Still, rising lanes continue to outnumber falling lanes in what’s been a slow and steady trend. Loose capacity in some parts of the country has put something of a speed limiter on rising rates so far this spring.

Driver shortage alarm, redux part 2: Bills in Ohio would subsidize ‘cheap labor’

Ohio bills would funnel taxpayer money to driver-training efforts and “put the Ohio taxpayers on the hook for subsidizing cheap labor,” notes small fleet owner Monte Wiederhold. Also, video, audio: Crank it up with Scott Reed’s tuned 750-hp Cat in the Wheeling tunnel on I-70.

April 20, 2017

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