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Hurricane Harvey has cut load volumes into and out of Texas, while rates to the affected region have risen sharply. DAT's seven-day van rate between Dallas and Seguin jumped 49 percent to $3.46 per mile, and inbound Texas loads fell nearly 20 percent.
Freight disruption and higher trucking rates raise delivered feed and grain costs into Texas. Rising diesel costs are also expected to add to transport expenses.
overdriveonline.comJames JailletAug 31, 2017After 113 past bullish logistics events, DIESEL moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
