Tag: spot market: Page 4

Business

Small spot market improvements occurring at typical seasonal rates low point

Seasonally, we’re in the month that is usually the low point for spot rates during the year. The national average van rate in February is the lowest since May 2019, when it was also $1.79 a mile. However, the line-haul average rate (minus a calculated average surcharge) at that time was $1.47, 4 cents lower than where we are now.

February 27, 2020

Business

Spot rates bottoming out?

Weekly declines in freight rates for the week ending in Feb. 16 were small, indicating demand is increasing and rates may be bottoming out. More here.

February 20, 2020

Business

Week to week rates thaw — drip, drip, drip into February

National average spot truckload rates for major segments other than flatbed entered February in a slow-motion slide after closing out January at their lowest points in two months.

February 6, 2020

Business

Spot market: Demand for vans slips, more from the last week

The current lull, with seasonal factors coming into play in addition to others, may be shorter than expected, but there’s no doubt that for now conditions on the spot market favor shippers — and demand a creative approach from truckers. Anybody planning a vacation?

January 30, 2020

Business

Spot freight in the last week: Rates dip, but flatbed demand shows off-season promise

After a relatively strong start to the month, spot van and reefer rates slipped below December averages during the week ending Jan. 19. There was, however, better news for flatbed haulers as rates crept higher on the strength of new oil and gas projects.

January 23, 2020

Channel 19

Freight market reality check: ‘It’s just terrible’

What it feels like right now for a couple readers where the 22.5s (or 24.5s) meet the pavement, and underscored by long-range analysis in the newly released quarterly U.S. Bank Freight Index report, showing the decline in volume and overall freight spending in the last quarter.

January 22, 2020

Business

Freight volumes fall but spot van, reefer rates stay firm

Spot truckload freight volumes fell a bit during the first week of January compared to previous weeks in December, but rates maintained what momentum they’d had to close out last year. The exception? Inbound van freight to heavy retail markets like Memphis, Columbus, Chicago …

January 9, 2020

Business

Celadon freight likely to be a blip on the spot market, if anything

Shippers once using Celadon to haul their freight will likely divert their immediate loads to the spot market. The fleet’s closure could cause some temporary hang-ups in isolated markets or lanes, but its impact nationally on the spot market will be negligible.

December 11, 2019

Business

Rates up with holiday week on spot market

The number of loads moved declined and load-to-truck ratios fell for all three equipment types during the holiday week, but rates were up for vans and reefers for the month of November over the preceding month.

December 6, 2019

Business

Ahead of Thanksgiving, spot reefer volumes and rates show some heat

With last-minute Thanksgiving and Black Friday freight on the move, spot truckload freight volumes increased during the week ending Nov. 24, and rates in fact responded, unlike many of the preceding weeks in this tough cycle.

November 27, 2019

Overdrive Extra

Disruptions that will reverberate beyond 2020 — strategies for weathering, or taking full advantage

“The small business owner-operator does have certain advantages navigating market disruptions. An example of this is when natural disasters hit communities it’s the independents who step up to fill the gap, aided and abetted by our ability to make decisions faster, react quickly, tighten our belts and trim unnecessary fixed cost.”

November 12, 2019

Business

Spot rates firming up as holiday season approaches with hot spots for reefers, flatbeds

National average rates during the first three days of November were lower than the overall October average but were unchanged compared to the previous week. Look for reefer opportunity in the Pacific Northwest, and for Christmas trees to run out of the same area and North Carolina.

November 7, 2019