Spot truckload rates are surging in the US Southeast and rising nationwide in the wake of Hurricane Helene and ahead of Hurricane Milton, which is expected to hit the Gulf Coast of Florida Wednesday before moving across the state into the Atlantic Ocean.
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Analysts said the freight market could improve in 2025 if more capacity leaves. Still, the market might be approaching an inflection point. In a recent conference call, Jefferies analysts highlighted freight market challenges and the road to recovery.
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A full week after floodwaters from Hurricane Helene washed out stretches of I-40 and I-26 and left mountain towns in Western North Carolina, Tennessee and Georgia cut off from the world, truckers began to notice something: No Federal Emergency Management Agency loads posted on load boards.
There’s no quick recovery ahead for the US truckload sector, either in terms of pricing or demand, executives from several logistics companies said Tuesday at the Journal of Commerce Inland Distribution Conference 2024 (Inland24).
In the complex world of U.S. trade, one startling statistic stands out: the most common “export” from the U.S. overseas is an empty container.
A staggering 75% of inbound containers return to their origin empty, illustrating the complexities of U.S. trade dynamics
Members of the International Longshoremen’s Association (ILA) went on strike just after midnight Tuesday at three dozen facilities across 14 port authorities stretching from Maine to Texas. More than 40% of all U.S. imports flow through the East and Gulf Coast.
In a week marked by end-of-quarter shipments and Hurricane Helene’s impact on the Southeast, the total number of loads posted on DAT One increased 10.1% to 1.71 million last week compared to the previous week, while truck posts fell 7.5.3% to 337,227.