SONAR Sightings for July 8: Volumes out of Indianapolis continue to fall after holiday dip
Volumes fall and rejections rise, signifying that capacity is still tight following the Fourth of July.
Volumes fall and rejections rise, signifying that capacity is still tight following the Fourth of July.
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.
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.
Outbound tender volumes for Columbus rise, and tender rejections out of Atlanta reach above the national average.
Spot market rates from Atlanta to Columbus, Ohio, have increased 3.2% in the last month, and the railways struggle with labor issues.
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.
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.
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.
Tender rejections out of Ontario are at their lowest point since 2020, and import volume from Japan has increased 90% in the last year.
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.