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.
Tender rejections out of LA hit the floor at 3.4%, while out of Jacksonville they are reaching 17%.
Rejection rates soar out of Atlanta, and manufacturing is expected to be on the rise.
Spot rates from Atlanta to Chicago are up 9%, while national intermodal contract rates continue to rise.
Tender rejections out of Memphis, Tennessee, surge 251 basis points week-over-week, and reefer spot rates from Milwaukee to Indianapolis begin to drop.
Volatility from Memphis, Tennessee, to Atlanta gives carriers an edge to increase their rates, and outbound tender rejections from New Orleans are on the rise.
Rates from LA to Dallas experience a 26 cent drop below the national average, while Jacksonville to Atlanta sees a 32 cent increase.
Spot rates edged upward from Harrisburg, Pennsylvania, to Charlotte, North Carolina, as capacity declined due to the Memorial Day weekend, and a significant increase in rejection rates out of Jacksonville, Florida, is keeping upward momentum on spot rates.
Intermodal spot rates from LA to Chicago experience a decline, and outbound tender volumes for Houston are up 2% week-over-week.
Spot rates from Houston to New Orleans are almost double the national average, and China’s zero-COVID initiative continues to affect trade.
Outbound tender rejections for Houston hit 8.3%, and retail sales show an increase of 0.9% in the month of April.
Tender rejection rates from Denver to Los Angeles have increased to 4.2%, and spot rates from Little Rock, Arkansas, to New Orleans have peaked at $3.55 this month.
Domestic intermodal volumes rose 6.8% year-over-year in the first quarter, and tender rejections out of Memphis, Tennessee, have dropped 3% in the past week.
Intermodal spot rates from LA to Atlanta have declined 9.2% in the past week, and dwell times for ocean containers out of Shanghai have reached surprisingly low levels.
Baltimore’s Headhaul Index has increased 12% week-over-week, and spot rates have risen 4% from Jacksonville, Florida, to Indianapolis.
Container Atlas debuted last week during FreightWaves’ Future of Supply Chain event. Here is what you need to know to use it.
Spot rates from Chicago to Harrisburg, Pennsylvania, continue trending downward but remain above the national average, and outbound tender rejections for New Orleans rise 6%.
Intermodal spot rates from LA to Dallas are down 6% in the past week, but dry van spot rates out of Dallas to Indianapolis have begun to increase.
Spot rates from Atlanta to Laredo, Texas, experienced a slight increase in recent days, and fuel prices continue to impact smaller trucking operators.
Class I railroads need domestic intermodal containers in LA to move volume, and spot rates from Detroit to Raleigh continue downward.
Spot rates begin to plateau from Las Vegas to Seattle, and intermodal spot rates appear to be holding up stronger than dry van rates.
Capacity loosens in the LA market while Dallas and Detroit markets both tighten.
Outbound tender rejections out of Nashville, Tennessee, are down 2% week-over-week, and the range of spot rates from Omaha, Nebraska, to Dallas increases.
Truckload spot rates from Kansas City, Missouri, to Milwaukee trend downward while intermodal spot rates from Chicago to Atlanta rise to protect capacity.
Class I railroads cut domestic intermodal rates by 82 cents from Atlanta to Dallas, and rejections in the Ontario, California, market hit below 3%.
Atlanta’s outbound tender volumes begin to trend upward, and China’s unwillingness to ease its lockdowns continues to impact exports to the U.S.
Intermodal and truckload spot rates both continue to decline.
Truckload spot rates continue to decline while the tender volume out of Nashville, Tennessee, rises 7%.
Spot rates are deteriorating rapidly from Columbus to Atlanta, and Union Pacific and CSX dismiss claims that precision scheduled railroading is the cause of poor service.
Class I railroads are less concerned with capacity as volumes decline, and the range of spot rates from Kansas City to Chicago is narrowing.
Outbound tender volumes are up 5.9% out of Houston, and the effects of the lockdown in Shanghai remain uncertain.
Dry van spot rates are falling faster than intermodal spot rates from Elizabeth to Chicago, and outbound tender volumes out of Seattle are up 8% w/w.
Outbound volumes are up 10% w/w out of Winchester, Virginia, and spot rates have fallen 14% from Elizabeth, New Jersey, to Boston.
Truckload spot rates remain twice as high as intermodal rates, says J.B. Hunt, and a key indicator of U.S. import volumes has been declining steadily.
The range of truckload spot market rates grows as industry continues to change, while the range of intermodal rates narrows.
Imported TEU volumes are expected to drop significantly in the days ahead, and Allentown outbound rejections fall to less than 12%.
As van demand continues to drop, intermodal volumes remain the same, and outbound rejections for Allentown drop 4%.
Rejections out of Nashville continue to rise, while spot rates from Green Bay to Atlanta plummet.
While dry van rates continue to drop, intermodal rates are up, and tender rejections in LA hit a record low.
Intermodal spot rates have declined more than 16% in the past week for Chicago to Dallas, but truckload spot rates for Denver to LA have increased 60 cents a mile.
Spot rates from Kansas City, Missouri, to Dallas have dropped 17 cents, and all eyes are on China’s exports.
Chicago intermodal rejections hit 1.6%, and outbound tender volumes from Atlanta are rising
The Headhaul Index increases 31% week-over-week, while maritime spot rates may decrease up to 75% due to COVID and the Russia-Ukraine war.
Spot rates drop 13% from Columbus to Burlington, and while volumes in markets drop, costs to ship rise.
LA rejections have fallen below 5%, and dwell time rises at port of New York/New Jersey
Capacity loosens for van and intermodal from LA to Dallas, and outbound tender rejections in Atlanta have declined roughly 7.5% in the last month
Louisville’s outbound tender rejections has fallen to 17.5%, Columbia outbound tender volumes are up 5% w/w, more
Among Friday’s notes: Indy Headhaul Index up 26%, TRAC analysis on Savannah to Columbus, increase in domestic intermodal volumes and more.
Among Wednesday’s notes: Capacity tightens in Memphis and eases in Elizabeth, shipper relief in Grand Rapids, and more.
Among Thursday’s notes: Declining rejection rates in Atlanta, Headhaul Index up in Ontario, Carrier and Shipper Updates and more.
Among Tuesday’s notes: Chicago demand hits highest level of the year, spot rates in central California are highly inflationary and more.
Among Monday’s notes: Capacity likely to tighten in Allentown, Greenville conditions easing, cities with reefer freight opportunities and more.
Among Wednesday’s notes: Inbound demand surges in San Antonio, advice for Columbus shippers and more.
Among Thursday’s notes: Atlanta market deteriorates, mid-haul freight opportunities and more.
Among Wednesday’s notes: Market conditions softening in Dallas, volume index analysis in Chicago, shipper and carrier updates and more.
Among Tuesday’s notes: Surplus capacity in Phoenix, massive import volumes in Houston and more.
Among the highlights: Jacksonville outbound rejection rates falling dramatically, latest shipper and carrier updates and more
Friday’s roundup of SONAR reports includes a look at the rising cost of used trucks, the Atlanta to Chicago lane and more.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
SONAR is the leading freight forecasting platform. Two recently added SONAR indices are proving very useful to SONAR subscribers. Learn more.
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Your weekly fuel report has arrived!
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Your weekly fuel report has arrived!
Your weekly fuel report has arrived!
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
FreightWaves CEO and Director of Freight
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
