Tag: rates: Page 28

Overdrive Extra

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.

September 27, 2016

The top portion of this graph from DAT shows the jump in load postings outbound from LA on DAT’s load board in recent weeks. The bottom bar charts show the jump in loads, too — from about 2,000 to as high as 4,000 a day in recent weeks — and a recent drop in available trucks.

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.”

September 27, 2016

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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.

September 15, 2016

ELDs are predicted to restrict industry productivity, which would cause rates to spike, analysts say. The ELD mandate, combined with other factors, could cause rates to see a significant spike in 2017 and 2018.

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 […]

September 10, 2016

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Overdrive Radio

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.

September 2, 2016

Richard-DeForest

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.

September 2, 2016

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.

September 1, 2016

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Overdrive Radio

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.

August 29, 2016

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Spot market update — van, reefer transitional period, and a few hot markets

Midwest writ large is trending up, the Southeast down, with the exception of lanes into Louisiana. Increases were dramatic on lanes into the Shreveport market, which includes Alexandria, La. Ensler Field outside Alexandria is one of the staging areas for FEMA.

August 25, 2016

Reefer load posts took a downward turn last week, but they’re still 8 percent higher than they were in mid-July, and rates are holding up pretty well on the high-traffic lanes.

Rates into flood-stricken Louisiana — and a different kind of run

Join me in Dallas for a Saturday morning run. And: A rates analysis shows relief demand booming into Southern Louisiana in the wake of historic flooding.

August 23, 2016

Shreveport-to-Baton-Rouge

Holding pattern: Van, reefer rates flat nationally but some markets heat up

Rates on the lane from Buffalo to Allentown, Pa.¸ were up 13 cents to an average of $2.59 per mile. The Midwest has also been improving, with outbound prices up in both Columbus and Chicago.

August 12, 2016

Most price changes on the top 100 van lanes were minor, but demand on regional lanes boosted load-to-truck ratios in the Northeast. Rates on the lane from Buffalo to Allentown, Pa.¸ were up 13 cents to an average of $2.59 per mile. The Midwest has also been improving, with outbound prices up in both Columbus and Chicago. The lane from Columbus to Memphis was up 22 cents, a good sign for retail traffic. Almost every major outbound lane from Memphis paid better last week. On the flip side, prices keep falling in Atlanta and Dallas. Those markets are numbers 1 and 2 for load posts on DAT Load Boards, but they’re also numbers 2 and 3 for truck posts. That extra competition for loads has kept rates from going up.

Spot market van rates showing strength — relatively speaking, that is

DAT Load Boards’ network showed July van rates above June’s, atypical this time of years. It’s one of a couple “good signs that we’re watching to see if they hold up,” says DAT’s Ken Harper. Flatbed picture remains volatile, though the Southeast is showing strength.

August 4, 2016

On a week-to-week basis, the national average van rate dipped a cent last week to $1.64 per mile. But load availability was also up, and load-to-truck ratios improved. Those positive signals are usually followed by rate increases. Memphis had more loads last week, as it replaced Houston as the number 3 market for load availability, following Atlanta and Dallas. Memphis outbound rates were down for the week, but rates are rising in the Midwest, starting with Columbus. This could be due to retail re-stocking for back-to-school season, which would be a good sign.

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