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Together, the ratio and rates offer strong evidence yet that the freight recession is over. Reefer freight is in transition. Meanwhile, the bulk of California freight has yet to hit the spot market. That was back when demand for trucks skyrocketed because extreme winter weather caused massive disruption to supply chains.
Those components get trucked by the Vietnamese Railways, loaded, and then transported to the Haiphong port, where a freight forwarder ensures the container is loaded on an Ocean carrier. The goods are then shipped to the Port of Long Beach, unloaded, and then trucked to a factory in Fresno.
Most of the major van markets actually had fewer outbound loads available, though, and most regular freight heading to Houston was canceled. Dallas rates also soared, as some freight was diverted to that busy freight hub. Out of California, Fresno to Denver rates hit $2.39, up 30¢ from the week before. FALLING LANES.
Seasonal harvests are winding down, but capacity is still tight for reefer freight. Fresno to Seattle was up 30¢ to $2.80/mile. That’s led to higher reefer rates on the West Coast and in the Midwest. Potato shippers seem to be feeling the effects of the ELD protests that have been scattered across the country.
Pioneering technology drives added expansions in Dallas, Jacksonville and Fresno. CargoBarn , a proven logistics innovator in freight brokerage, recently tripled its Atlanta footprint as the company sprints to 1,000 employees across multiple offices nationwide. CargoBarn was founded in Fresno, Calif., About CargoBarn.
Cass Freight Index Report – January 2013. 2013 is off to a slow start for freight shipments, according to the Cass Freight Index Report for January. Here is an excerpt: Both shipment volume and total freight payments declined significantly from December [2012] to January [2013], as the economy slowed to a near stall.
Refrigerated produce freight has been notably absent from the picture, so that likely has some reefers competing for van freight. National Average Freight Rates - April to-date. Fresno volumes were up, but other parts of California went softer. Fresno to Seattle lost 18¢ to $2.36/mi. loads per truck.
Unlike general and FAK (freight all kinds) cargo, reefer carriers are extremely fragmented. Making sure a trailer is 25 degrees when it pulls out of the lot is one thing, but knowing it's still 25 degrees in there at high noon at a rest stop in Fresno is another piece of mind entirely. Unfortunately, things are not that simple.
Flooding in the Midwest closed roads and rail lines, which will impact freight markets for weeks to come. National Average Freight Rates - March to-date. We may need to wait for April for real spring freight to hit. But despite all the bad news about weather and other disasters, freight volumes are actually up year-over-year.
We expected the sizzling hot freight market to cool off a little, and it did. HOT MARKETS - There was an increase in loads moving out of Fresno last week, which is a welcome change. Fresno had been a little disappointing until now, but it may yet produce the post-drought volumes of fruit and vegetables that we’ve been hoping for.
Freight patterns showed increased retail trade ahead of Memorial Day weekend, and since some drivers finished the week up early ahead of the holiday weekend, capacity also tightened. Central California produce returned in a big way last week, and outbound reefer rates soared 13% in Fresno. Fresno to Denver surged 52¢ to $2.70/mile
mile, down 2¢ DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 279 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $57 billion in real transactions. Reefer freight is the only segment showing solid gains.
Shippers paid more to move freight ahead of the storm, and then load posts dropped when the affected markets locked down at the end of the week. Out West, Fresno and nearby Sacramento were off for this time of year. The lane from Fresno to Denver was down 21¢ to $2.01/mile,
HOT MARKETS: The biggest changes last week were in California, where reefer freight finally started to move out of Fresno and Sacramento in serious quantities, but load counts fell sharply in L.A. Load availability was up 30% compared to May, and 84% compared to June 2015. and Ontario.
The best news was out of Fresno , where volumes stayed steady from the previous week, even though last week was just a 4-day work week. Outbound rates tumbled in Sacramento , so you’d be better off hauling out of Fresno this time of year.
July is the in-between season for refrigerated ("reefer") freight. Freight volume continued to cool off for reefers last week, but some pockets of high demand remain in New Mexico, Arkansas and the Lower Midwest, as shown in this Hot States Map for the week of July 19-25, 2015, below.
Both those markets are distribution hubs for e-commerce, which has stretched the traditional holiday retail freight season well into December. A lot of holiday freight heading into the Northeast ends up in distribution centers in Allentown, PA, which has led to higher inbound rates there. Van loads heading from L.A.
That's normal, since it comes right after the end of Q1, when shippers are rushing to move freight before closing their books. Reefer freight has been gaining momentum. Shipments out of the Santa Maria District also pushed rates up out of the Fresno market. Spot market volumes were down during the first week of April.
That's normal, since it comes right after the end of Q1, when shippers are rushing to move freight before closing their books. Reefer freight has been gaining momentum. Shipments out of the Santa Maria District also pushed rates up out of the Fresno market. Spot market volumes were down during the first week of April.
Mark Montague's recent blog post Top Ten Freight Markets for Contract and Spot Freight , revealed that the key market areas of Ontario and Fresno, California made the list of 2016 Top 10 Reefer Markets for both contract and spot market freight. Shown are the key market areas (KMAs) in California.
That'll no doubt affect freight movements, with trucks banned from some highways in the Northeast while Connecticut, Pennsylvania, and Virginia declare states of emergency. Charlotte joined Atlanta as an early leader ahead of the spring freight season, but the story for the past few weeks has been Houston. mile on average.
Despite an increase in freight volumes, national average rates slipped again last week for vans and reefers. National Average Freight Rates - April to-date. Freight volumes were up more than 20% in the Lakeland, Florida market, as well as in Sacramento and Fresno , California. Fresno to Denver surged 40¢ to $2.24/mi.
While the Lakeland, FL market was a big winner last week — gaining over 20% more volume — those gains were more than offset by a week-over-week slump in other major reefer markets, including Fresno, Nogales, Boise and much of the Midwest. Lack of freight volume is hurting spot market reefer prices. Rising Rates.
Refrigerated freight was met with tight capacity last week, with the annual Roadcheck inspection blitz taking many trucks off the road. There was a big surge in reefer freight out of Elizabeth, NJ, though rates haven't responded yet. That, combined with higher demand out of California, led to some big spikes in reefer rates.
Freight volumes surged about 25% out of both Miami and Lakeland, FL, and some lanes about of Florida saw rates jump as much as 85¢ per mile. California - Overall, California has been slower than usual, with freight volumes down about 3%, due to heavy rain. Fresno to Denver fell 15¢ to $2.32/mi. Falling rates.
Load availability and rates dropped from the previous week, but rates are still well above June averages for van and reefer freight. For example, look for rates to rise in Fresno instead of L.A. , Reefer freight volume declined last week, and rates adjusted after a surprising spike right after the 4th of July.
Shippers and freight brokers are singing a Merle Haggard classic this week, to their van and reefer BFFs: "L.A. Van fleets are singing a song about California, where freight is strong and getting stronger. Fresno and Sacramento have lots of loads, too. What's your best state for freight this week? The lane from L.A.
Reefer activity picked up after Thanksgiving, but not nearly as much as dry van freight. Fresno to Baltimore fell 29¢ at $2.41/mile. Right now, retail and e-commerce are driving trends in the transportation industry, which has lifted van rates, but prices fell on a lot of the major reefer lanes.
Thanksgiving is right around the corner, so trucks are still in high demand to move refrigerated freight. Just like with dry van freight , reefer capacity tightened in the first week of November, meaning that shippers and brokers had a harder time finding trucks to move those reefer loads. Chicago to Denver soared 27¢ to $3.17/mile.
Van load counts were already up big last week, with an uptick in freight moving out of L.A. Out of California , volumes were flat, with higher load counts out of the Fresno area offset by declines farther south. Outbound averages fell in N ogales and Fresno , but that had more to do with a change in where the freight was going.
Lately, the spot market for refrigerated freight has looked a lot more like June than November. Fresh produce often drives the demand for reefer freight, and this year, wet fields and high summer temps led to late planting and lower yields out of California. Now, reefer freight seems to be everywhere.
Retail freight is driving rates up in Memphis and Columbus , especially on lanes heading into the Northeast. Reefer freight is also looking up , but geographic shifts are underway. Things are heating up in California, with lots of loads rolling out of Fresno , and a big rebound under way in Sacramento. mile last week.
Even though rates are slow to respond, freight volumes are rising as we get closer to the fall holidays of Halloween and Thanksgiving. Most parts of California are shipping more loads, especially the Fresno market in central California. Changes in the ratio often signal impending changes in freight rates. Rising markets.
DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions. The gains in California look longer-lasting so far.
End-of-quarter and pre-holiday freight was even stronger than expected last week in Atlanta , Charlotte and Memphis , which were the top three markets for outbound loads on DAT load boards. Reefers were very active in Central California last week, as well, with increased volume from Fresno and a boost to outbound rates in Sacramento.
More loads left Fresno last week, too, but the volume hasn’t been high enough to change pricing very much. per mile, as freight volume out of Southern California continues to drop. More loads are moving out of the Grand Rapids market, which is known for apples, while Green Bay is harvesting potatoes.
Memphis is associated with consumer goods, including truckload as well as the LTL and package freight from FedEx and UPS. Atlanta is also improving, although there are a lot more empty trucks competing for those loads because of all the inbound freight. In Fresno, up in Central California, load volume increased but rates dropped.
DAT load boards provides the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions. per mile , while the reefer load-to-truck ratio got a 9% boost, from 8.5
DAT provides the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions. Out of California , Fresno outbound pricing jumped 4.4% HOT MARKETS.
We don’t anticipate a lot of impact as far as long haul freight goes, since pickup and delivery can be adjusted to avoid the extra traffic on the 285 loop. The highway closure could affect freight going to and from the Carolinas and other points to the northeast, though. Eggs are usually cheap freight, though.
DAT provides the largest and most trusted digital freight marketplace in the trucking industry, with more than 179 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $45 billion in real transactions. Volumes were up in California , especially out of Fresno.
DAT load boards provide the largest and most trusted digital freight marketplace in the trucking industry, with more than 256 million loads and trucks posted annually, plus insights into current spot market and contract rates based on $60 billion in real transactions. The national average reefer rate now stands at $2.21/mi. Rising Rates.
Markets with rising rates included Los Angeles, Fresno, Grand Rapids, Rock Island, Philadelphia and Miami. Rates declined in Twin Falls, Dallas, Green Bay, and Atlanta, among other seasonal freight markets. Rates are derived from DAT RateView and are based on actual rate agreements between freight brokers and carriers.
25, 2022 – The Jacksonville office of CargoBarn , a technology-driven freight brokerage, is expecting more business thanks to the Jacksonville Port Authority’s recently completed harbor deepening. Ocean freight and container shipping are big markets for us, especially in Jacksonville. JACKSONVILLE, Fla., About CargoBarn.
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