Detroit sees at least a 20% decrease in both inbound and outbound volumes, and imports to the Northeast are slow to transition to the truckload market.
Philadelphia is a backhaul market that has switched to a headhaul market so far this year, and outbound volumes in Louisville, Kentucky, have reached their highest point since SONAR began tracking the market in 2018.
Jacksonville shows steady signs of its headhaul nature after backhaul activity earlier this year. Outbound volumes in Salt Lake City have decreased 11% in August.
A traditionally strong backhaul market, San Antonio experiences headhaul market activity for the first time, and the amount of imports diverted to Gulf ports is being felt in the truckload market.
Weekly NTI Update
Outbound volumes from Ontario, California, continue to dive, while smaller markets such as Greenville, South Carolina, show signs of increase.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Outbound volumes in Detroit explode as both inbound and outbound tenders heat up the market in Boston.
The Port of New York and New Jersey is seeing an increased amount of imports, but they are not hitting the truckload market.
Headhaul markets such as Chicago continue to see a decrease in outbound volume, while backhaul markets like New Orleans experience growth.
Outbound reefer tender volumes for San Francisco have risen 54% in the past two months, while outbound volume for Phoenix has risen 20% in two weeks.
Weekly NTI Update
The spread between spot and contract truckload rates is unsustainable. The question is just how far and fast will they fall?
Las tarifas al contado indican que es inminente una fuerte
caída de los contratos
Backhaul markets are seeing more outbound volume, while traditional headhaul markets are beginning to see more inbound volume.
Markets in the Southeast, North and Midwest are experiencing an increase in outbound volume that some haven’t seen in almost a year.
Pittsburgh is experiencing a rise in both outbound and inbound tender volumes simultaneously.
Seattle, a traditional backhaul market, is now experiencing headhaul market activity.
Weekly NTI Update
Outbound volumes are rising in Joliet but rejections are decreasing, pointing to a higher acceptance rate of contract loads.
Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.
Indianapolis’ outbound volume caused the Headhaul Index to increase 36.1% week over week, and outbound loads within 100 miles of the San Francisco market are being rejected as a result of protests.
En 2018, cuando el transporte por carretera estaba al rojo vivo, el tejano Mike Dow se hizo famoso, aunque solo fuera por un momento. Un artículo en The Washington Post […]
A trucking recession is coming. Longtime truckers are closing their businesses as pay drops and expenses soar.
Outbound tender volumes for Dallas begin to trend upward, and LA is beginning to see more lanes than usual under 250 miles.
Outbound reefer volumes for Milwaukee trend upward during the summer months more than others.
Weekly NTI Update
Outbound tender city volume in the Detroit market has boomed over the summer with no signs of slowing in the second half of the year.
In the nine days since July began, OTRI fell 141 basis points (bps) to its lowest level in over two years: 6.7%. In the three days following that bottom, OTRI clawed back 50 bps. At present, however, it seems as though any upward momentum upon which it could have built has been lost.
Pennsylvania markets see a drop in volumes but a rise in rejections. Booking volumes for imported maritime volumes are down 11%.
The Atlanta market is beginning to boom again after experiencing a significant dip during the recent holiday.
Import market share to LA and Long Beach remains high, but overall imports have decreased.
Weekly NTI Update
Volumes fall and rejections rise, signifying that capacity is still tight following the Fourth of July.
Volume levels are depressed this week by Monday’s holiday. The national average rate of tender rejections sunk below 7% late in the week, but linehaul spot rates…
Refrigerated volume out of the San Francisco area has begun to pick up just in time for summer peak season.
Denver’s outbound tender rejections drop after the holiday to their lowest point in more than two years, while in Allentown, Pennsylvania, they remain strong at 9.8%.
Rejection rates out of Savannah, Georgia, jump to 12.8% while capacity also tightens in Harrisburg, Pennsylvania.
El índice de gestores logísticos cae a su nivel más bajo en dos años
A supply chain survey released Tuesday showed market fundamentals continued to cool during June.
Volume levels have made a final push before the second quarter ends. The national rejection rate has recovered from its earlier dip below 8%…
Outbound tender volumes for Charlotte, North Carolina, are falling 8.1% week-over-week as Atlanta’s rises 6.8%.
Outbound tender volumes for Harrisburg, Pennsylvania, are rising 7.1% week over week and rejections out of Chicago have climbed up to 6.5%.
The Port of New York and New Jersey has seen a rise of 49% in the last week while tender rejections out of Elizabeth remain stable at 6.5%.
Atlanta heats up with rejection rates of 10.9%, and large enterprise carriers are still making a profit from diesel prices.
Outbound tender volume for New Orleans spikes 21% in the last 90 days, and the outbound rejection index for Houston rises 115 basis points.
Weekly NTI Update
Outbound tender volumes for Columbus rise, and tender rejections out of Atlanta reach above the national average.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 8%…
No debería sorprender a nadie, pero le dolerá
The collapse of spot rates and surge in diesel prices is pushing small truckers out of the industry. One broker called it the “Great Purge.”
Outbound tender volumes for Green Bay are increasing 4.8% week-over-week, and costs per forty-foot container from Germany rise more than $400 since March.
FreightWaves founder and CEO Craig Fuller analyzes the bullwhip effect on the current retail and trucking environments.
Outbound tender volumes for New Orleans are rising 12% week-over-week, and linehaul rates continue to drop despite the rise in fuel costs.
Denver’s outbound tender rejections rise to 10.9%, and Market Dashboard now has new features for better visibility.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Tender rejections out of Chicago drop to 6.3%, while El Paso sees a boom of 25% in outbound volume and 28.6% increase in rejections.
Eric Larsen and Zach Blanchard discuss tender rejection rates, which are the leading indicator in finding a profitable market to be in.
Tender rejections out of Ontario are at their lowest point since 2020, and import volume from Japan has increased 90% in the last year.
Trucker Tools is utilizing FreightWaves’ SONAR to provide rate visibility to the carriers that need it most.
Daily national average of spot rates drops, and tender rejections across the country tell the story of the current condition of the market.
Truckload spot rates from Chicago to Dallas continue to drop, and overall volume shipped from China to the US drops 36% in the last year.
Convoy recorta 90 empleados mientras crece el temor al empeoramiento de la situación económica
Tender rejections out of LA hit the floor at 3.4%, while out of Jacksonville they are reaching 17%.
Digital freight startup Convoy confirmed Friday that it is cutting 7% of its workforce in an effort to slash operating costs amid concerns about a downturn in the economy and its potential impact on the company’s customers’ businesses.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
FreightWaves founder and CEO Craig Fuller analyzes the continuing decrease in truckload rates for dry van loads.
New index is fastest, most accurate way to measure US trucking activity
FreightWaves founder and CEO Craig Fuller analyzes the impact of rising diesel costs on the spot market and the trucking industry.
