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.
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.
Intermodal spot rates increase more than 7% from Chicago to Elizabeth, and outbound tender rejections are down 13% nationwide
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
Harrisburg, Pennsylvania, to Indianapolis spot rates are down 48 cents this month, and Greenville, South Carolina, outbound tender volumes are up 8%.
Spot rates from Nashville to Toledo have fallen significantly, and Allentown has an overwhelming amount of outbound loads in relation to inbound loads
Rejection rates have plummeted out of Elizabeth after a tumultuous winter, and in the Seattle to Chicago lane, an intermodal volume decline and surge in intermodal spot rates highlight a lack of available intermodal capacity.
Spot rates remain sticky above $2.65 per mile from Atlanta to Dallas, and capacity from Cleveland to Atlanta is likely to tighten in the coming days as the Headhaul Index surges 22% week-over-week.
Savannah to Allentown spot rates are likely to rise as the Headhaul Index has increased 10% w/w, Outbound tender lead times hit shocking heights in Elizabeth, New Jersey.
Spot rates are up 4% since the start of March in the Savannah to Atlanta lane, tightening capacity in Kansas City signals spot rates will start to increase
Spot rates have fallen 42 cents a mile this month in the Kansas City, Missouri, to Columbus, Ohio, lane; rejection rates in Nashville, Tennessee, are at their second-highest levels for the month.
Spot rates from Harrisburg to Indianapolis have stalled after a month-long drop, climbing rejection rates from Columbia to Jacksonville give a forewarning for spot rates.
Philadelphia’s OTVI has risen 3.5% since start of march, J.B. Hunt to expand intermodal fleet by 40%
Nashville to Elizabeth rejections are likely to increase further, In the Chicago to Atlanta lane, domestic intermodal volume hit its highest level in the past year, more
Dallas to Lakeland rejections fall but rates remain sticky; outbound tender rejections in Toledo increase; and more.
Spot and rejection rates fall rapidly in the well-supplied Charlotte to Atlanta lane, Intermodal volume rises in the Seattle to Chicago lane, prompting carriers to increase spot rates to protect capacity for contracted shippers, MORE
Spot rates from Chicago to Minneapolis are down more than 30 cents; spot shippers may want to consider using rail for less time-sensitive loads; more.
Spot rates have fallen nearly $1 a mile since Jan. 1 from Ontario, California, to Columbus, Ohio, and capacity is tightening in Denver.
Savannah’s Headhaul index is up 14%, Ontario’s outbound tender rejection rate is at it slowest in over six months, more
Capacity loosens in Nashville, volume at the port in Savannah rises, more
112 empty domestic containers moved from out of Dallas to LA in the last week, Phoenix is among the lowest rejection rates in the country at 8.87%, more
outbound rejection rate in Des Moines is among highest in U.S. at 43%, TRAC spot rate for Omaha to Denver has climbed to $5.66/mile, more
Louisville’s outbound tender rejections has fallen to 17.5%, Columbia outbound tender volumes are up 5% w/w, more
Chicago OTRI increased to 19.7% in the past month, import container volumes are up 6% y/y for U.S., more
Among Thursday’s notes: Chicago’s outbound rejection rates trending higher, spot rates from LA to Detroit lowest in six months, and more.
Among Wednesday’s notes: Rejection rates higher out of Columbus, dry van spot rates from LA to Atlanta fall 10%, and more.
Among Tuesday’s notes: Chicago solid for dry van carriers, Lakeland market remains volatile, and more.
Among Monday’s notes: Capacity loosening in Harrisburg, reefer rejection rates fall below 30%, and more.
Among Friday’s notes: Dallas becomes largest headhaul market, Los Angeles is a mixed bag, and more.
Among Thursday’s notes: Capacity is loosening in Oklahoma City, outbound rejection rate trending higher in Indy, and more.
Among Wednesday’s notes: Capacity’s loosening in Jacksonville, outbound rejection rate falling in Columbus, and more.
Among Tuesday’s notes: Harrisburg becoming attractive for carriers, rates expected to improve from Houston to Atlanta, and more.
Among Monday’s notes: Rate volatility impacting Atlanta and Houston markets, national rejection rates continue to slide below 19%, and more.
Among Friday’s notes: Ocean lane to watch, spot rates increase from Dallas to LA, and more.
Among Thursday’s notes: Spot rates rise from China to U.S. West Coast, Indy outbound rejection rates drop, and more.
Among Wednesday’s notes: Atlanta outbound rejection rates keep falling, spot rates surge from Indy to Ontario, and more.
Among Tuesday’s notes: Double-digit decrease in volumes from China, Stockton’s outbound rejection rate plummets, and more.
Among Monday’s notes: Headhaul Index in Toledo up 22%, carriers flocking to the West Coast, and more.
Among Friday’s notes: Atlanta’s freight market loosening, Chicago a solid destination for carriers, and more.
Among Thursday’s notes: Capacity likely to tighten in Dallas, Boston’s outbound rejection rate on the rise, and more.
Among Wednesday’s notes: SoCal capacity continues to ease, Memphis hits six-month low in outbound rejection rate, and more.
Among Tuesday’s notes: Capacity tightening in Charlotte, rejection rates spike in Joliet, shipper and carrier updates, and more.
Among Monday’s notes: TRAC rates climb from Dallas to Nashville, Harrisburg pricing power shifts to carriers, and more.
Among Friday’s notes: Charlotte’s volatility is an opportunity for brokers, capacity likely to tighten in Denver, and more.
Among Thursday’s notes: Volatility on Atlanta-to-Laredo lane, Headhaul Index in Greenville up 19%, carrier and shipper updates, and more.
Among Wednesday’s notes: Lunar New Year impact, tender rejections surging in Nashua, shipper and carrier updates, and more.
Among Tuesday’s notes: Spot rates peak from Augusta to Allentown, winter storm will impact Dallas to St. Louis, and more
Among Monday’s notes: Winter storm impacting spot rates, Headhaul Index up 30% in Cincinnati, and more.
Among Friday’s notes: LA becoming a shippers’ market, Seattle market is loosening, and more.
Among Thursday’s notes: Tender rejection rates climbing out of Atlanta, spot market availability declining in Ontario, and more.
Among Wednesday’s notes: Memphis market tighter than most, St. Louis volumes hit two-month high, and more.
Among Tuesday’s notes: Rate disparity between the coasts, Detroit market continues to tighten, and more.
Among Monday’s notes: Ontario market is loosening, Headhaul Index in Indy up 20%, and more.
Among Friday’s notes: Tender rejections plummet from Dallas to Ontario, Richmond market to tighten, and more.
Among Thursday’s notes: Demonstrating the power of spot-rate knowledge, Headhaul Index rises in Columbia, and more.
Among Wednesday’s notes: The tweener lane from Chicago to Harrisburg, supply chain challenges, and more.
Among Tuesday’s notes: Elizabeth outbound now a priority, Headhaul Index rises in Cleveland, and more.
