SONAR Freight Market Updates

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.

Among Friday’s notes: Intermodal spot rates declining from LA to Chicago, SLC rejection rates drop to 26%, and more.

Among Thursday’s notes: Rejection rates decline from Atlanta to Dallas, spot rates drop from Charlotte to Jacksonville, and more.

Among Wednesday’s notes: Intermodal issues for spot shippers, lanes to watch, shipper update, and more.

Among Tuesday’s notes: Tight market in Omaha, Atlanta favorable for carriers, and more.

Among Monday’s notes: Reefer capacity is a volatile mess, carriers seeing a mixed bag to Elizabeth, and more.

Among Thursday’s notes: TRAC rates from Detroit to Atlanta level out, intermodal spot rates from LA to Chicago decline 27.4%, and more.

Among Wednesday’s notes: Spot rates increase from Rock Island to Dallas, Chicago to LA solid for carriers, and more.

Among Tuesday’s notes: Outbound tender volumes up in Louisville, Chicago market expected to tighten, and more.

Among Thursday’s notes: Tender rejection volatility in KC, capacity tightening in Atlanta, more.

Among Wednesday’s notes: TRAC van spot rate from Atlanta to Cleveland reaches monthly high, van rejection rates soar across Rust Belt, and more.

Among Tuesday’s notes: TRAC rates facing upward pressure on Atlanta-to-Lakeland lane, tender rejections reach record levels from Detroit to Chicago, and more.

Among Thursday’s notes: Tight capacity in Lakeland, rejection rates jump in Jacksonville, and more.

Among Wednesday’s notes: Plan for service disruptions out of Denver, Headhaul Index in Columbus falls slightly, and more.

Among Tuesday’s notes: Volume imbalance growing in Dallas, reefer rejection rates out of Pendleton above 60%, and more.

Among Monday’s notes: Pittsburgh outbound tender volumes up 10%, rejection rates climb in Memphis, and more.

Among Friday’s notes: High TRAC rates for Dallas to Detroit, Headhaul Index in Harrisburg up 7%, and more.

Among Thursday’s notes: St. Louis displaying strong movement; Seattle market becoming attractive, and more.

Among Wednesday’s notes: Rejection rates rising in Chicago, Headhaul Index in Memphis up 13%, and more.

Among Tuesday’s notes: Allentown Headhaul Index up 25%, St. Louis outbound rejection rates increasing, and more.

Among Monday’s notes: Spot rates high from Columbus to Atlanta, Chicago a solid destination for carriers, and more.

Among Friday’s notes: Capacity starting to ease in Savannah, Lakeland’s outbound rejection rates recover, and more.

Among Thursday’s notes: TRAC spot rates fall between Dallas and Columbus, Nashville outbound tender volumes up 92%, and more.

Among Wednesday’s notes: Rejection rates spike out of Nashville, KC outbound tender volumes up 44%, and more.

Among Tuesday’s notes: Headhaul Index in Dallas up 35%, two-week change for Outbound Tender Rejection Index, and more.

Among Monday’s notes: Outbound tender volumes recover, vessel congestion to persist, and more.

Among Friday’s notes: TRAC spot rates for Harrisburg to Chicago, consumer conditions in November, and more.

Among Thursday’s notes: Boston outbound rejection rates spike, capacity still tight in lower Midwest, and more.

Among Wednesday’s notes: Atlanta rejection rates move higher, carrier and shipper updates, and more.

Among Tuesday’s notes: Stay firm on rates out of Indy, rejection rates spike in the Northwest, and more.

Among Monday’s notes: Reefer spot rates jumping in Columbia, longer-haul capacity increasing, and more.

Among Wednesday’s notes: Headhaul Index in Ontario up 78%, Atlanta capacity eases, and more.

Among Tuesday’s notes: High SLC reefer rejection rates, Headhaul Index increases in Elizabeth, Shipper and Carrier Updates, and more.

Among Monday’s notes: Prioritize outbound Joliet freight, truckload capacity to tighten, deep dive into railway fluidity, and more

Among Friday’s notes: Memphis Headhaul Index up 21%, Charleston-to-Atlanta dashboard, and more.

Among Thursday’s notes: Dallas a solid destination for dry van carriers, rates increase from SLC to Phoenix, and more.

Among Wednesday’s notes: Portland rejection rates top 20%, spot rates climbing between Chicago and KC, and more.

Among Tuesday’s notes: Market conditions remain tight in LA, demand slowing in Jacksonville, carrier and shipper updates, and more.

Among Monday’s notes: Reefer market conditions soften in Harrisburg, spot rates high from LA to Dallas, shipper and carrier updates, and more.

Among Friday’s notes: Indy Headhaul Index up 26%, TRAC analysis on Savannah to Columbus, increase in domestic intermodal volumes and more.

Among Thursday’s notes: Capacity tight on reefer loads between Indy and Milwaukee, diesel truck stop prices and more.

Among Wednesday’s notes: Capacity tightens in Memphis and eases in Elizabeth, shipper relief in Grand Rapids, and more.

Among Tuesday’s notes: Record daily volumes for Port of NY/NJ, Memphis outbound rejection rates fall, a new SONAR release and more.

Among Monday’s notes: Savannah shatters maritime import volumes record, KC rejection rates jump and more.

Tender indices are the most relevant benchmarks of market demand and capacity. Now through Bloomberg Enterprise Access Point, FreightWaves is enabling industrial and financial market participants to access these critical data sets..

Among Friday’s notes: Prioritize Savannah to Atlanta lane, Headhaul Index explained, two key indices to check, and more.

Among Thursday’s notes: Declining rejection rates in Atlanta, Headhaul Index up in Ontario, Carrier and Shipper Updates and more.

Among Wednesday’s notes: Chicago a solid destination for carriers, SLC to LA hits all-time high 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 Friday’s notes: Milwaukee rejection rates fall off a cliff, latest from Freightos Baltic Index and more.

Among Thursday’s notes: Tight market from KC to Indy, Milwaukee getting loose, carrier update and more.

Among Wednesday’s notes: Inbound demand surges in San Antonio, advice for Columbus shippers and more.

Among Tuesday’s notes: Headhaul Index up in Cincinnati, national rejections hit annual low and more.

Among Monday’s notes: Richmond outbound volumes, headhaul in Harrisburg, reefer rate projections and more.

Among Friday’s notes: Headhaul Index spikes in Toledo, maritime import shipments by port, carrier update 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.

Thursday’s SONAR highlights include the Indianapolis to Baltimore lane, with rejection rates increasing slightly in Indy.

Among the highlights: Houston to Dallas lane, outbound LA, shipper and carrier updates and more.

Truckstop.com, the leading Platform-as-a-Service provider for the trucking industry and FreightWaves, the leading provider of trucking news and analytics, are partnering to provide resources to transportation providers responding to relief projects and supply chain distributions.

This is the first time outbound tender rejections have remained above 6% for consecutive weeks since March 2019.

China’s exports to the U.S. contracted last month. Even so, slowing U.S. exports to its trade rival saw China’s trade surplus with the U.S. widen.

Demand could pick up next year, but U.S. elections are one of multiple potential pitfalls delegates at TIACA’s 2019 Executive summit heard this week.

Saudi Aramco, believed to be the world’s largest integrated oil and gas company, has announced it will undergo an IPO on the Saudi Arabian stock exchange.

In a thinly veiled swipe at President Trump’s trade policy, the U.N. says protectionism will result in weaker maritime demand over the next five years.

The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech – a A$9 billion (US$6.2 billion) company, has been seriously misleading investors. WiseTech has robustly denied these claims. In other news: CTI Logistics annual results; truck rest stops “desperately needed”.

A boost to demand from higher commodity volumes and a reduction in supply owing to IMO 2020 low sulfur fuel regulations are giving a boost to the international dry bulk freight markets, says Hong Kong ship operator Pacific Basin (HKEX: 2343).

FreightWaves finds growing evidence that manufacturers and distributors are transferring operations from the U.K. to northern Europe.

Renowned logistics analyst explains how Brexit will impact cargo flows, liner shipping calls and European supply chain planning.

Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.

The introduction of new low-sulfur fuels, bearish demand and increased blanked sailings will bring more volatility to box markets in the coming months, says MSI.

Air cargo carriers are expecting a demand surge for scheduled and charter capacity if the British government overcomes opposition in Parliament and proceeds with a no-deal exit from the European Union Oct. 31, a scenario that even government experts agree will cause logistics chaos at English Channel ports. Opposition to a no-deal Brexit reached fever […]

Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…

WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.

Four months into the MAX grounding and several more to go, what’s the latest on the air cargo impact?

Latest U.S. trade data for air cargo reveals a lot of noteworthy developments to watch going forward

After the threat of President Donald Trump’s tariffs, Mexican freight transporters  are now facing a new challenge with an anti-immigration checkpoint in Ciudad Juarez that is stretching wait times up to three hours near the border. Trucks and passenger vehicles traveling on the Chihuahua-Juárez highway heading north to El Paso are being delayed at a […]

Freight volumes may have peaked for the season, but it certainly doesn’t feel that way. There is still a lot of uncertainty for Q3 as we close a disappointing Q2.

The demand for temperature controlled equipment is keeping the freight market active for reefer carriers and produce haulers, but general volumes continue to slide off 2018 highs.

With the passage of time and the context it brings, anyone can point to the moment before markets crashed over the last 100 years and say, “see, the signs were there, how did we not see it?”

On your first WTT?!? of the week, Chad and Dooner welcome everyone back from Memorial Day and hit the ground running with all the latest breaking news and deadlines. Emily celebrates her 30th birthday by hosting Big Deal/Little Deal. We also launch our new game show Market Expert Trivia with Reid and Kyle, plus Moody is on the Move, and another rousing round of Comment Section Rodeo, and the guys spend a little time discussing Sly Stallone’s filmography.

On this special Memorial Day weekend edition of What The Truck?!? we have all the latest news in FreightTech, supply chain, and trucking – including a focus on Craig Fuller’s state of the industry report, Earnings Over/Under, On The Radar, Fast Paced Forecast, and some hot tips on how to spend your holiday weekend. All this and more on WTT?!? Subscribe now on Apple Podcasts, Spotify, Stitcher, or your favorite podcast player choice and never EVER miss an episode. No paywalls, no borders.

Volumes took a nosedive after the tariffs increased and are starting to recover slightly, but the damage may already be done.

Today on WTT we take a deep dive into the Idaho Hemp Trucker fiasco with journalist, Linda Baker, CEO Jacob Findlay has some huge news concerning FullBay, McLeod announces two new products, plus all the latest headlines, Big Deal, Little Deal, and the very first Comment Section Rodeo!

All this and more now on WTT?!?

BW LPG, an ocean carrier of crude oil, gas, chemicals, and products of oil, has reported a first quarter 2019 net loss after tax of US$23.5 million. It’s a loss that’s about three times greater than the US$8.4 million loss recorded in the first quarter of 2018.

Freight volumes should be increasing heading towards Memorial Day weekend, but they are headed the other direction as shippers take a pause over tariff concerns.

Freight volumes recover from Easter lull as volumes are flat from a year-over-year perspective. Comparing load volumes is not the whole story, however.

National freight volumes took a nosedive this week as Easter had a decent impact on the freight market, but how much of the drop is related to the holiday?