Tag: rates: Page 27

A roll into and through the fall freight season’s demand for dry vans

Van, reefer demand continued relatively strong in this week’s spot market update following the Thanksgiving 2016 holiday. Hot markets, rising and falling rates on specific lanes, and more in this update.

December 2, 2016

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Should I stay or should I go?

Are you contemplating hanging up your trucking hat? “If you want to grow cucumbers, you don’t plant chicken turds. You don’t heap piles of poo on top and expect a bumper crop of cucumbers, it just doesn’t work that way.” …

November 21, 2016

Rates stagnant in October, reefer rates dip to lowest since 2013

Reefer rates fell to $1.97 a mile in October, the first time the segment has fallen below $2 a mile since February 2013. Van and flatbed rates were flat from September, but down year over year.

November 7, 2016

Spot market: Mixed bag for flatbed, dry van, reefer

Surging van freight in the Southeast post-Matthew fell off as flatbed picked up there last week. Reefers were in demand in markets along the Mexican border with produce coming north.

October 28, 2016

Three areas traditionally considered as “backhaul markets” saw big increases in volumes and rates on DAT Load Boards: Denver, Seattle and Buffalo. There are still a lot of loads in L.A. and Stockton, Calif., as well. Rates in the Southeast fell back to earth after a one-week surge following the storm. Highway closures also made moving freight more expensive. The roads are open now, and the average outbound rate from Charlotte dropped 22 cents.

Major maritime carrier woes could propel truckload rates in some lanes

Data from loadboard DAT reveals lane-specific effects since Hanjin’s late-August bankruptcy. Key lanes out of the Los Angeles market have seen rates spike in recent weeks as load-to-truck ratios soared on the heels of Hanjin ships docking and unloading at L.A.-area ports.

October 19, 2016

Hanjin Shipping filed for bankruptcy Aug. 31.

Overdrive Extra

Brokers and owner-operators: A view from the other side

Lies. Late payments. Ridiculously low payments. No payments. Owner-operators’ brokerage horror stories are legion, but how does the process look from the broker’s perspective? Max Heine visits Birmingham-based TLS to take a look.

October 19, 2016

Owner-operators at USA Truck getting pay boost

In addition to a pay hike, the company’s independent contractors will also receive fuel discounts at in-network fuel stops, better labor rates and discounted parts at USA Truck maintenance facilities.

October 13, 2016

Analysts: Hurricane-caused I-95 closures to cost trucking big money, rates could rise

The disruptions to freight flow on Interstate 95 due to Hurricane Matthew-caused closures will cost the trucking industry millions in lost revenue and driver wages, says one analyst. However, rates could remain elevated in the region, as inbound freight climbs and truck availability remains tight in affected states.

October 12, 2016

This heat map from DAT shows where demand and rates are strongest. The darker the red, the higher the rates.

Rates move, slightly: Demand indicators for flat, van, reefer

Hanjin bankruptcy impacts continued to be felt in high van demand out West, while the hurricane put a short-term damper on freight volume out East late last week. Demand pictures for all three major segments available here.

October 12, 2016

Reefer load posts spiked in Charlotte last week ahead of the hurricane. Lots of those loads were heading to Atlanta and Florida. Otherwise, reefer trends were all over the place. Volumes were down nationally, and more than half of the top 72 reefer lanes saw rates fall. However, the national average reefer rate added 1 cent to $1.92/mile.

Complexity on the spot market with Q3 end, hurricane, Hanjin, holidays

By and large, sands shifted last week on the spot market, and though demand and volume indicators for dry van and reefer segments have shown marked improvement (and particularly on a year-over-year basis), rates haven’t caught up, yet.

October 7, 2016

Reefer rates and volumes ended the month pretty much where they were at the end of August. Mid-month spikes didn’t sustain, and weather played a role. Heavy rains in the Great Lakes region hampered harvests, and there was flooding in Minnesota, Iowa and Wisconsin.

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.

October 5, 2016

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.

September 29, 2016

Van overview: West Coast markets are hot, and they’re getting hotter. The load-to-truck ratio in Los Angeles lit up the entire state of California on the Hot Market map. Van trends are more mixed in the Midwest, and rates are moving down in the East.

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