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Tag: Chicago
Business
Wild COVID-lockdown ride for spot market volumes/rates appears to level out
After 12 rocky weeks, the national average van rate for truckers is back where it was prior to economies contracting in response to the spread of COVID-19.
June 11, 2020
Business
News roundup, Sept. 10: Ryder expands truck-sharing program, Michelin’s owner-op program updates
Trucking news and briefs for Tuesday: Ryder expands its new equipment-sharing program. Uber Freight opens a new Chicago headquarters, and Michelin’s “Advantage” owner-op and small fleet program updates with new benefits.
September 10, 2019
Business
Two new parking options around Chicago
The Truck Parking Near Me company has opened two parking facilities for commercial trucks in Gary, Indiana, and Bellwood, Illinois, both in the area around the major Chicago freight hub.
August 21, 2019
Business
Spot van demand falls, rates follow; some reefer bright spots
There’s some good news in the Midwest for reefer operators migrating away from California, where demand has declined. Load volume from Los Angeles fell 10%, Sacramento was down 5%, and Ontario lost 3% last week. Market to watch: Grand Rapids reefers.
August 13, 2019
Business
Spring has not sprung, to say the least, when it comes to vans, reefers on the spot market
National average spot van and refrigerated freight rates slipped again during the week ending April 13. The number of load posts fell 4 percent while truck posts increased. The arrival of produce season in several southern markets failed to make up for the effects of more capacity and bad weather.
April 17, 2019
Business
Rates, volumes held steady into Christmas week
Meanwhile, demand indicators in national average van and flatbed load-to-truck ratios declined, while the reefer ratio increased, compared to the previous week, reflecting demand to move fresh produce and temperature-controlled goods ahead of the Christmas holiday.
December 28, 2018
Business
Spot market in the last week: Load/truck ratios jump as rates fall back slightly
An influx of imports into West Coast ports helped push load-to-truck ratios higher on DAT load boards during the week ending Nov. 3. National average spot rates, however, continued to slide, if only slightly. Also: Close look at data from a market to watch: Atlanta.
November 7, 2018
Business
Load volumes in the last week fell with Hurricane Michael
Hurricane Michael contributed to a decline in load posts on the DAT network of load board. Get the numbers for the week ending Oct. 13, 2018, on Overdrive.
October 18, 2018
Business
Spot rates edge down in the last week for dry vans, reefers
Van volumes largely held, but reefer markets took a step back, and the national load-to-truck ratio actually dipped below where it was at this time a year ago.
August 15, 2018
Business
Summer seasonal rate doldrums starting to turn early in some dry van, reefer markets
Rates often stagnate after the June peak, and markets softened in July. But prices may have turned a corner last week, with van rates holding steady on higher volumes in some markets.
August 9, 2018
Business
July seasonal downward trend in spot market rates is dipping from peaks well above typical
Rates hit all-time highs early in July, but the seasonal decline has seen rates fall on 76 of the top 100 van lanes this past week. More info on Overdrive.
July 26, 2018
Business
Holiday week brought more spot rates highs, though vans and reefers are moderating this week
The national average rates set new records again for vans and reefers, even though load-to-truck ratios drifted back down to earth. Details on Overdrive.
July 12, 2018
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