Journal of Commerce: US spot truckload rates turn upward again post-Milton
US truckload spot rates and volumes are rising again after settling briefly between hurricanes Helene and Milton, propelled by a storm surge and some seasonal demand.
US truckload spot rates and volumes are rising again after settling briefly between hurricanes Helene and Milton, propelled by a storm surge and some seasonal demand.
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Florida’s Tampa Bay-St. Petersburg area is waking up to widespread damage from Hurricane Milton, just as residents, businesses and utilities were recovering from destruction wrought by another big storm just two weeks ago.
With supply chains adjusting to Hurricane Helene-related cleanup in the Southeast and uncertainty over a strike at East Coast and Gulf Coast ports, the total number of loads posted on DAT One increased 14.9% to 2.01 million week over week. That’s the highest number of available loads since Week 29 (July 7-13).
Returning to normal operations may take as long as a month, DHL Global Forwarding said.
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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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.