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Spot Van Rate Hits Low Point as Freight Volume Falls

The number of loads posted on the DAT network of load boards fell 2 percent during the week ending Oct. 20 while posted capacity edged up 1 percent. The combination of less freight and more trucks helped drag down national average spot rates for all three equipment types compared to the previous week, with the spot van rate hitting its lowest point so far this year.

National average load-to-truck ratios were generally weaker:

  • Vans: 4.7 loads per truck, unchanged
  • Flatbeds: 17.0, down 7 percent
  • Reefers: 6.0, down 4 percent

National average spot truckload rates declined across the board:

  • Vans: $2.11/mile, down 2 cents compared to the previous week
  • Flatbeds: $2.49/mile, down 2 cents
  • Reefers: $2.44/mile, down 2 cents

The national average diesel price fell 1 cent last week to $3.38 per gallon, the first weekly decline in two months.

VAN TRENDLINES

Van load and truck posts were virtually unchanged compared to the previous week, although average outbound rates from most van markets were down. On the top 100 van lanes, 64 lanes were lower, 29 were higher, and seven were unchanged.

A notable exception was Los Angeles, with nearly 6,000 van load posts on Friday alone. The monthly average load-to-truck ratio for L.A. is 5.0, but last week it jumped to 8.4. In mid-September, Typhoon Mangkhut swept through the Pacific, which delayed ships leaving ports in Hong Kong and southeastern China. Those ships arrived late at the ports of Los Angeles and Long Beach, which receive almost 50 percent of Asian imports to the United States. The delay means cargo is just starting to leave warehouses near the ports. Contract carriers are not always able to adjust their schedules, which means there’s more freight available for spot market trucks.

REEFER TRENDLINES

Reefer load posts were down 3 percent last week while truck posts increased 1 percent. On the top 72 reefer lanes, 48 experienced lower prices, 20 were higher, and four were neutral. Many lanes have been affected by waning harvest:

  • Twin Falls to Los Angeles was up 10 cents to $2.26/mile as we near the end of potato season.
  • With produce season essentially over in the Upper Midwest, the added competition for reefer loads is driving rates lower. The biggest decline was from Green Bay to Minneapolis, which tumbled 40 cents to $2.43/mile, while Green Bay to Des Moines dropped 26 cents to $2.43/mile.

FLATBED TRENDLINES

Flatbed load posts were down 3 percent from the previous week while truck posts on DAT load boards increased 4 percent. Prices on major flatbed lanes more balanced than they were for vans and reefers: among the top 78 flatbed lanes, 42 lanes moved lower, 35 were higher, and one was neutral.

DAT Trendlines are generated using DAT RateView™, an innovative service that provides real-time reports on prevailing spot market and contract rates, as well as historical rate and capacity trends. RateView’s comprehensive database is comprised of more than $57 billion in freight payments. DAT load boards average 1 million load posts per business day.

logistics careers posted top-ten pay raise in 2017 – DC Velocity

August 16, 2018

Median salary for logisticians jumped 21.7 percent to $63,960, Finder.com says.

By DC Velocity Staff

The salaries for logisticians rose quickly from 2016 to 2017, cracking the top-ten list of U.S. professions with the highest wage increases, according to a study of government data released today.

Logisticians’ paychecks rose by 21.7 percent over that period, from a median salary of $52,572 in 2016 to $63,960 in 2017, according to Bureau of Labor Statistics (BLS) data analyzed by Finder.com, a New York-based financial services advisory firm. That quick climb earned logisticians 10th place on a list of professions with the biggest pay increases, Finder.com said in the report, “10 jobs most likely to provide a pay raise.”

Out of all 565 professions defined by the BLS, the three jobs with the greatest raises over that period were: veterinarians (38 percent), surveying and mapping technicians (36.8 percent), and producers and directors (28 percent increase). Rounding out the top ten were: financial clerks (27.4 percent), emergency medical technicians and paramedics (26.3 percent), meeting, convention and event planners (24.6 percent), food processing workers (23.6 percent), parts salespersons (23 percent), and counter attendants, cafeteria, food concessions, and coffee shop (23 percent increase).

Logisticians also ranked high when those same 10 professions are sorted by salary alone, as opposed to their rate of increase. Judged by size of paycheck on the list, logisticians had the third highest median salaries for 2017, finishing behind only veterinarians ($95,680) and producers and directors ($77,428).

The research suggests that the best way to get a raise may be to dedicate oneself to work in a high-paying field, as opposed to reading the help-wanted ads, Finder.com Consumer Advocate Jennifer McDermott said in a statement. “For many people looking to boost their income this year, attempting a pay raise in their current position appears much more achievable than changing companies, upskilling in a new field, or starting a side hustle. However, as our research shows, not all industries are equal when it comes to boosting salary bands,” McDermott said.

Professionals who have been in their current role for a year or more, and have been making a valuable contribution are in a good position to request a pay increase, said McDermott. She recommended that employees seeking raises approach their bosses with an outline of why they deserve a raise, detailing their achievements, asking for a specific figure, and being prepared to negotiate.


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AAR reports annual volume gains for week ending July 7 – Supply Chain 24/7

United States rail carload and intermodal volumes posted annual gains for the week ending July 7, according to data released by the Association of American Railroads (AAR) this week.

Rail carloads, at 240,514, were up 5.4% annually, which is below the week ending June 30 at 270,916 and the week ending June 23 at 268,464.

AAR said that nine of the ten carload commodity groups it tracks posted annual gains for the week ending July 7, including: grain, up 3,207 carloads, to 21,299; nonmetallic minerals, up 2,341 carloads, to 35,270; and petroleum and petroleum products, up 1,808 carloads, to 10,257. One commodity group posted a decrease compared with the same week in 2017: coal, down 371 carloads, to 76,562.

Intermodal containers and trailers saw a 12% annual gain to 244,679, which was below the week ending June 30 at 293,327 and the week ending July 23 at 288,876.

Through the first 27 weeks of 2018, AAR reported that U.S. rail carloads are up 1.4% annually at 6,987,928, and intermodal units are up 6.2% at 7,398,236.

cargo-partner sees revenues rise on airfreight growth

Austria-based logistics firm cargo-partner has posted a 2% rise in its consolidated turnover for 2017, at €698m. Net profit for the year totalled €6m.

Chief executive Stefan Krauter said: “We had a successful start into the business year and have achieved volume growths in all our business areas. The general upward trend was further strengthened by the global economic upswing.”

Cargo-partner handled a total of 1,001,500 shipments in 2017, 90,000 more than in the previous year.

The logistics provider’s airfreight volumes rose by 23% to 171,000 tonnes over the 12-month period. Its sea freight and trucking divisions also registered growth, handling 1,831,000 tonnes and 1,018,000 tonnes of cargo respectively.

cargo-partner highlighted several developments that contributed to “substantial growth” in its contract logistics activities. For example, it recently invested in a new 1,500 sq m warehouse in Sofia and expanded its logistics centre in Dunaiska Streda from 7,200 sq m to 14,200 sq m. The latter will grow by a further 4,000 sq m by the end of this year.

 The company has built a new 12,200 sq m iLogistics Centre near Vienna Airport; that facility is set to open this Autumn. This Winter will see the opening of a new 3,000 sq m warehouse in Hong Kong while a 25,000 sq m warehouse in Ljubljana will commence operations in 2019.

New warehouse locations added in 2017 included Hamburg (4,900 sq m), as well as Clarksville, Tennessee and Chicago, Illinois (14,000 sq m each).

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