Jim Thomas’ Post

DAT Dry Van Freight Market Update Oct 9-15: ~In the Top 5 Spot Freight States (CA, GA, IL, NJ, & TX) spot rates decreased $0.03/mile to an average of $1.72/mile which is just $0.05/mile higher than 2019. ~San Francisco > Phoenix paid carriers an average of $1.88/mile which is up $0.05/mile from September average. ~LA’s import volumes dropped 8% compared to August and has fewer spot market moves on major lanes. ~LA > Phoenix spot loads paid $2.76/mile last week which is $2.00/mile lower than in 2021. ~LA > Chicago dry van spot rates averaged $1.34/mile last week which was also $2.00/mile lower than 2021. #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 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

Dry Van Freight Market Update Aug. 7-13: ~Flagstaff, AZ > Albuquerque, NM paid carriers $3.10/mile last week which is $0.12/mile higher y/y. With the heat on this lane I hope everyone’s AC was working.  ~WV outbound spot rates averaged $1.94/mile which is identical to 2019. ~IN outbound spot rates averaged $1.93/mile and are $0.06/mile higher than 2019. ~OH outbound spot rates averaged $1.90/mile last week. ~Los Angeles outbound dry van spot rates dropped to an average of $1.79/mile last week.  ~California state level outbound rates are about $0.08/mile higher than in 2019. #freightmarket #supplychain #transportation #logistics #trucking #dryvan

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

Dry Van Freight Market Update June 3-9: ~In Top 5 States for dry van spot market freight (IL, CA, TX, GA, NJ) rates were up $0.03/mile on a 27% higher volume. ~LA imports increased 22% w/w pushing outbound linehaul rates by $0.04/mile to $2.19/mile.  ~Atlanta volumes increased 26% w/w causing outbound dry van linehaul rates to increase to $2.01/mile. ~Dallas volumes were up 32% w/w with outbound rates up $0.04/mile to $1.60/mile. ~Chicago outbound volumes were up 25% w/w with spot rates up to $1.96/mile. #freightmarket #supplychain #transportation #logistics #trucking

Catch our President of LTL, Kevin Day in the JOC.com article covering #Yellow's on-going impact on the LTL market. #LTL #logistics #rates https://lnkd.in/gpkT8YZe

Is the brief uplift in shipments for large LTL carriers like Old Dominion Freight Line a dawn of recovery, or just a flash in the dark? 📌 JBF PERSPECTIVE shared by Mike Wolf The Basic Law of Supply and Demand is at work here: even though overall demand appears soft - it is not enough to offset the evaporated supply of Yellow's four LTL subsidiaries, which handled about 7% of total US LTL shipments. Shippers need to stay keener than ever in the LTL space, as many LTL carriers are working diligently to control the mix of freight to their liking (profitability). While the GRIs get the headlines, the real battle is in the mix of freight and finding the right carrier match for each shipment. As usual, don't overlook the fuel surcharge and the application of the other key accessorial charges. Put yourself in the shoes of the LTL carrier and design a solution so each carrier gets the type and amount of freight they can best service. Essentially, set yourself up to negotiate from the position of being a 'matchmaker.' Use your TMS to execute and track so you can continuously improve your performance against your goals; this will lead to an improved LTL carrier price/performance mix. Every LTL shipment deserves the right carrier, just as every LTL carrier earns the right shipment-based cost/service. For the next 3 to 6 months, plan to be flexible as the LTL shuffle is projected to take some time to settle down. Follow 🔔 #jbfreporter for industry news updates Read the full story by William Cassidy over at JOC: https://lnkd.in/ek-deF2e

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 

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.