Tag: rates: Page 6

Business

News roundup, Jan. 6: CDL Clearinghouse site on the mend on Day 1; Knight-Swift, DAT partner on rates predictor; Ryder rolling out electric truck charging network

Website connectivity issues snared the U.S. DOT’s CDL Drug & Alcohol Clearinghouse on its first day of the rule’s effective date. Knight-Swift and DAT announce pilot program for truckload rate forecasting. Ryder plans to build an electric truck charging network.

January 6, 2020

Business

Ahead of Thanksgiving, spot reefer volumes and rates show some heat

With last-minute Thanksgiving and Black Friday freight on the move, spot truckload freight volumes increased during the week ending Nov. 24, and rates in fact responded, unlike many of the preceding weeks in this tough cycle.

November 27, 2019

Overdrive Extra

Disruptions that will reverberate beyond 2020 — strategies for weathering, or taking full advantage

“The small business owner-operator does have certain advantages navigating market disruptions. An example of this is when natural disasters hit communities it’s the independents who step up to fill the gap, aided and abetted by our ability to make decisions faster, react quickly, tighten our belts and trim unnecessary fixed cost.”

November 12, 2019

Business

Spot rates firming up as holiday season approaches with hot spots for reefers, flatbeds

National average rates during the first three days of November were lower than the overall October average but were unchanged compared to the previous week. Look for reefer opportunity in the Pacific Northwest, and for Christmas trees to run out of the same area and North Carolina.

November 7, 2019

Business

Second week going: Van volumes rise, but spot rates slide; weather disruption something of a norm

The strongest improvements for van markets were out West last week. Los Angeles volumes increased 8% and the average outbound rate gained 2 cents to $2.18 per mile. L.A. load-to-truck touched 5.2 last Friday. Wildfires, flooding, tornadoes and more continue to disrupt regional patterns.

October 30, 2019

Business

Spot-market promise amid volume declines in the last week: West Coast vans

Freight volumes rose in a handful of major markets, but the number of spot load postings fell 5% nationwide, and truck posts dipped 1%, during the week ending Oct. 22. Bright spot: Vans on the west coast.

October 23, 2019

Business

Truckload spot market volume rebounded in the last week

Wish we could say the same for truckload spot rates: While demand for vans returned to normal in Houston and other markets affected by recent flooding, rates did not respond immediately as averages through Sept. 29 show only slight improvement over August.

October 2, 2019

Business

Up-and-down demand volatility continues on spot market with weather hampering activity

Spot truckload freight activity slowed last week as Tropical Storm Imelda brought severe rain and flooding to Houston and other nearby areas, disrupting supply chains across the South and Midwest. And: How’s $2.85 average rate for a reefer out of Denver sound? ….

September 26, 2019

Overdrive Extra

Why do drivers leave? Pay has a lot to do with it, but …

Many are quick to say it is a driver-pay problem, but that’s not all. In trucking companies’ rush to grow, they devalue the freight market, notes owner-operator Clifford Petersen, and in doing so trade their pricing power in favor of a questionable status quo where driver time itself is devalued.

September 20, 2019

Business

Southeast, Texas flatbed volumes looking better in the last week

Together, spot flatbed trends in the Southeast and Texas suggest better times ahead for carriers on the spot market. All in all, demand slipped nationally a bit for vans and reefers, while growing for flatbed. Market to watch: Vans and reefers from the Pacific Northwest.

September 19, 2019

Business

Spot freight rates up to start September

The spot truckload freight market’s relatively strong finish in August continued into September as rates moved higher last week; van load-to-truck ratios remained strong nationally over the previous week, and East Coast reefer lanes benefited from boosted activity in the wake of weather threats/reality.

September 12, 2019

Business

Southeast inbound freight, volumes elsewhere, built as Dorian approached the coast

Spot rates, volumes were building as Hurricane Dorian approached the Southeast. The number of van, reefer, and flatbed loads posted from August 26 to Sept. 1 increased 7% compared to the previous week while capacity dipped 2.4% heading into Labor Day weekend. Market to watch: Washington apples.

September 4, 2019