Hurricane Matthew Affects Spot Rates and Freight Volumes
Spot market rates were up last week, but volumes fell. Hurricane Matthew likely played a role in both of those
Spot market rates were up last week, but volumes fell. Hurricane Matthew likely played a role in both of those
The bankruptcy of the world’s 7th largest container carrier, Hanjin Shipping, has led to shippers re-adjusting inventories in the past
Spot market activity often ramps up in the West during the fall season, but there’s added pressure this month. Hanjin
Volumes and rates got a boost heading into the Labor Day weekend, and those prices mostly held steady last week.
Good news, everyone! Freight volume AND RATES got a healthy boost last week for all equipment types. Vans got the
Van and reefer volume increased last week, although rates were unchanged as a national average. Flatbed volume and rates continued
Every week, we seem to report that trends are mixed, that truckload freight volume and rates are in a transition,
Van and reefer rates were mostly in a holding pattern last week. The national averages for both stayed the same
National average van rates are sliding, but they’re still a few cents above the June average, so the typical mid-July
The typical July lull began last week, which is a little later than expected. Load availability and rates dropped from
Rates typically drop after July 4th, but that wasn’t the case last week, when national average rates rose 8¢ per
Rates typically drop after July 4th, but that wasn’t the case last week. Rates climbed higher than the June averages