spot market

When ‘being in the red is a good thing’: Van spot market hot states — all but Mass., Fla.

The national van average rate is back up to $2.09/mile post-Thanksgiving, and the load to truck ratio is a record 9:3. All states but the two named are shaded deep red, indicating high demand for trucking services ...

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As spot market hummed into Thanksgiving week, higher rates in all three major segments emerged

"These should be happy holidays for the trucking community" when it comes rates, says DAT's Ken Harper, "especially owner-operators. Looking farther out, the prognosis is still good, although there are reports of a slowing economy. We shall see."

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Reefer, van spot market demand remain high in the last week over much of the country

Last week, the national average reefer rate hit its highest mark in three years at $2.40 per mile, and the market has looked more like June than November.

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Holiday freight is moving as L.A., Chicago top van markets in latest spot update; reefer strengthening too

Since Hurricane Irma, van freight rate gains have been more or less sustained, and "to put this in perspective, we haven't seen van rates this high for a protracted time ... since the Polar Vortex/Snowpocalypse of 2014," DAT's Ken Harper says.

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Spot market: Rates cool a smidge for vans, reefers, but conditions remain good for truckers

After surging for several weeks van spot market rates moderated a bit the week of Oct. 8-14. Looser truckload capacity led to a lower national average, interrupting what had been seven straight weeks of increases.

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Rates and volumes way up in the spot market

Any owner-operators shutting down this week in protest of the electronic logging device mandate might have missed some of the best freight and rate conditions on the spot market that have been seen in the past several years. Updates for dry van, flatbed, based on last week's data.

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Rates skyrocketed in September following hurricanes Harvey, Irma

Flatbed rates hit a three-year high, and van and reefer rates jumped two-year highs.

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ELDs not alone in driving up rates

These factors indeed point to a capacity crunch – Noel Perry predicts it happening between March and July – that clearly exceeds the market’s typical ups and downs.

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Spot market gains in the last week — dry van, reefer at record volumes

Up, up, up: Spot market volumes hit an all-time high on the top 100 van lanes last week. And at $1.94 per mile, the national van rate is the highest it’s been in two and a half years – 16 cents higher than the overall August average.

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Spot market tightens, with rates moving accordingly on several lanes for vans, reefers

Capacity has been tight on the spot market, volumes heavy. Nationally, there are more loads available than there were before Hurricane Harvey, and recovery efforts after Irma have led to soaring van rates on lanes heading into Florida. More snapshots on hot and cold lanes, markets and more here.

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