Jim Thomas’ Post

Dry Van Freight Market Update April 8-14: ~LA dry van outbound spot linehaul rates averaged $1.65/mile last week even with capacity tightening there. ~With the increase in imports, as described above, linehaul rates are forecast to increase by the end of June. ~Elizabeth, NJ outbound dry van volume is 32% higher y/y with it’s Port seeing a 34% y/y increase in container imports. ~DAT’s Top 5 spot markets (LA, Dallas, Chicago, Elizabeth, & Atlanta) linehaul dropped to $1.52/mile on average. #freightmarket #supplychain #transportation #logistics #trucking

Dry Van Freight Market Update April 15-21: ~DAT’s Top 5 spot market states (CA, TX, IL, GA, & NJ) saw dry van average linehaul rates stay flat last week, averaging $1.70/mile identical to 2023. ~Los Angeles saw 4% higher volume of loads moved last week mostly from the surge in Asian imports. Despite the higher demand, spot linehaul rates remained unchanged at $1.65/mile for outbound loads. ~LA > Chicago paid truckers an average of $1.50/mile, $0.33/mile higher than last year and $0.23/mile higher than last month on a 47% higher m/m volume of loads moved. ~Since the end of 2021, volume of loads moved on this lane has halved and linehaul rates have dropped by 57% or almost $2.00/mile. #freightmarket #supplychain #transportation #logistics #trucking

DAT Dry Van Freight Market Update Feb 19-25: ~Atlanta, the largest spot market in the Southeast, load volumes are up 1% y/y but with excess truckload capacity in the market dry van spot linehaul rates were down last week to an average of $1.53/mile for outbound loads. ~Atlanta > Lakeland: loads moved on this lane are up 11% y/y but linehaul rates are 3% lower at $2.40/mile last week. ~Dry van spot rates coming out of FL are at $1.04/mile which is the 2nd lowest in 8 years and only $0.03/mile higher than 2016. ~Miami > Atlanta paid dry van carriers $0.51/mile last week, the lowest in 12 months.  #freightmarket #supplychain #transportation #logistics #trucking #dryvan

Dry Van Freight Market Update April 29 - May 5: ~Last week loads moved were flat in the nation’s Top 5 states for spot market volume: CA, TX, IL, GA, & NJ while linehaul rates increased $0.02/mile to an average of $1.70/mile. ~CA outbound dry van spot rates increased $0.05/mile to $1.90/mile which is $0.04/mile higher y/y. ~GA outbound dry van spot rates increased $0.05/mile to $1.69/mile last week. ~FL outbound linehaul rates were up to $1.16/mile last week with produce season taking off. #freightmarket #supplychain #transportation #logistics #trucking

Dry Van Freight Market Update May 20-26: ~The Top 5 States for dry van spot market (CA, TX, IL, NJ, & GA) volumes were up 6% w/w while linehaul rates increased by $0.03/mile to a 5 state average of $1.83/mile. ~Atlanta dry van outbound were paying carriers an average of $1.96/mile last week on 6% higher of volume of loads moved. ~LA saw rates increase for the 4th week in a row, averaging $1.82/mile on 7% higher volume of loads moved. ~Dallas dry van spot outbound rates were up $0.04/mile last week to an average of $1.55/mile on 5% higher volume of loads moved.  #freightmarket #supplychain #transportation #trucking #logistics

Numerous LTL carriers are going on offense to add real estate to their network in preparation for an expanding LTL market. We are seeing carriers take several approaches to add real estate to their network. - Carriers are buying land to build new service centers - Carriers are purchasing existing terminals from Yellow Corporation - Carriers are taking over terminals they previously leased to other carriers Through real estate expansion, the carriers are adding dock doors and space to add capacity to their networks. Now more than ever, we are seeing our carrier partners expand into areas less traveled such as Montana, Wyoming, and West Virginia. They are also adding additional service centers to more congested markets where their presence is already well known.

DAT Dry Van Freight Market Update March 18-24: ~Dry van outbound TX loads decreased 5% last week but rates increased $0.04/mile to a state avg. of $1.56/mile making this 5 consecutive weeks of gains.  ~Dallas had dry van linehaul spot rates increase 2% w/w to $1.43/mile. ~Laredo reported a 6% w/w decrease in loads moved while capacity tightened causing the spot rates to increase $0.05/mile to $1.78/mile. ~Dry van outbound linehaul spot rates increased to $1.86/mile and are now 8% higher than 2023 for this time of year. ~LA > Phoenix paid an average of $2.55/mile on the spot market last week. #freightmarket #supplychain #transportation #logistics #trucking #dryvan

Dry Van Freight Market Update Feb 12-18: ~The average dry van spot market linehaul rate in the Top 5 Spot Market States (CA, GA, IL, NJ, & TX) is at $1.72/mile which is identical to 2019 levels.. ~IL recorded the largest weekly decrease dropping by $0.10/mile to $2.12/mile last week, $0.05/mile lower than 2019. ~CA outbound spot rates dropped to an average of $1.84/mile last week. ~Atlanta dry van spot market linehaul rates dropped to an average of $1.64/mile last week. ~Chicago dry van out bound spot market linehaul rates dropped to an average of $1.91/mile last week due to oversupply of truckload capacity. ~Chicago > Columbus paid carriers an average of $2.35/mile last week, just over $0.20/mile lower than last year. ~Chicago > Minneapolis paid carriers an average of $2.05/mile last week, which is $0.20/mile lower y/y. #freightmarket #supplychain #transportation #logistics #trucking #dryvan

Real estate, not driver shortages is the #1 focus for #LTL carriers. This JOC article shows carriers spending 30% premiums to gain a presence in areas where they couldn't before. For carriers that acquired them, the Yellow terminals are opening those doors. All this additional capacity indicates carriers are planning for an expanding LTL market. #PeopleDriveLogistics #3pl #3pls #3pllogistics #3plsolutions #transportation #transportationindustry #transportationmanagement #ltl #ltlfreight #ltlshipping #capacity #thirdpartylogistics #thirdparty #freight #lessthantruckload #benchmarking #logistics #logisticssolutions #logisticsmanagement 

DAT Dry Van Freight Market Update Feb26-Mar3: ~CA outbound loads saw spot market rates increased by 12% as shippers tried to get ahead of Winter Storm Orzelle which caused chaos in the Sierra Nevada’s. ~CA inbound loads were up 4% w/w but with plenty of capacity to meet the demand, rates stayed flat at an average of $1.55/mile which is down $0.10/mile in the last month. ~Dallas volumes were up 1.5% w/w while outbound spot market linehaul rates stayed flat. ~Houston volumes were down 1% w/w while outbound spot market linehaul rates were up 4%. ~Houston > Dallas paid carriers an average of $1.98/mile and Dallas > Houston paid carriers $1.77/mile. #freightmarket #supplychain #transportation #logistics #trucking #dryvan