Freight Rates Swell Ahead of Hurricane Florence – Edwin Lopez, supply chain dive

“Spot rates in the trucking market rose in the first week of September due to pent up demand from the Labor Day holiday and increased load board activity, as the Federal Emergency Management Agency (FEMA) responded to the threat of Hurricane Florence, according to a weekly analysis by DAT. . . . After several weeks of declines, the national average of spot van rates rose 6 cents to $2.20/mile, while reefer rates rose 8 cents to $2.57/mile, compared to the previous week. The data is based on the DAT network of load boards, which manage an average of 993,000 posts per business day.”

Read more details: Freight Rates Swell Ahead of Hurricane Florence – Edwin Lopez, Supply Chain Dive