Inside SONAR

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.

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.

FreightWaves releases rate spread indexes in SONAR.

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.

FreightWaves SONAR is the industry’s leading and fastest freight forecasting platform. SONAR provides the clearest insight into freight pricing, and subscribers can reliably forecast supply chain demand and capacity by using spot rate and tender data for predictive rates. FreightWaves’ CFO/COO Spencer Piland noted, “SONAR has been proven time and again to make an operational […]

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.