SONAR

Trade group says stores continue to import as much merchandise as possible.

Amid uncertain demand, capacity continues to exit.

Impact of levies seen in Canadian trucking, US imports, warehousing and intermodal.

Freight volume has been weak this month Tender volume, which counts how often shippers request that carriers pick up loads, has shown weakness this month. (Chart: SONAR) The Outbound Tender Volume Index (OTVI – above) is the SONAR chart that stands out the most to me this week. It measures the volume of requests from […]

The State of Freight webinar for February focused on the market uncertainty brought about by the first month of the presidency of Donald Trump.

In the first State of Freight webinar for the year, intermodal and politics were on the agenda.

Spot rates rise, but inflection yet to take hold.

As truckload capacity exits, weak volume keeps rates in check.

Labor strife, volatile freight rates and fraud all have disruptive potential.

New policy could accelerate nearshoring trend.

Tender rejection rates have surged to 8.36%, marking the highest point since June 2022 and a massive one-week surge of 190 basis points.

SONAR’s latest release introduces a game-changing feature: the National Insights Landing page. This powerful tool provides a comprehensive overview of the freight market, highlighting shifts in capacity, demand and fuel prices. The intuitive interface spotlights weekly top-moving markets, allowing users to quickly identify trends and opportunities.

Tender rejection rate rises as holidays approach The tender rejection rate has risen steadily since early October despite tender volume declining. That implies that capacity is leaving the market, which is leading to a tighter freight market. (Chart: SONAR) Both truckload spot rates and tender rejection rates are indicating that the freight market is tightening. […]

The SONAR National Truckload Index (NTI) has reached levels not seen in nearly two years, surging from $2.38 per mile to $2.52. The last time truckload spot rates were this high was on Jan. 23, 2023.

With 2024 drawing to a close, team leaders at SONAR discussed during a Thursday webinar the top enhancements made to the logistics data platform.

In a significant advancement for the freight brokerage industry, SONAR, the leading provider of high-frequency freight market data, has unveiled the Coverage Guide, an AI-powered offering within its new Broker Tool Kit. This cutting-edge application aims to simplify the complex decision-making process for freight brokers, enhancing efficiency and profitability.

FreightWaves CEO expects rates to increase 4%+ in 2025.

During the State of Freight webinar for December, Craig Fuller and Zach Strickland discuss how a market shift could impact carriers, brokers and shippers in 2025.

SONAR shows carriers turning down more than 20% of outbound Ontario loads.

SONAR data will power Transfix’s predictive rating models for freight brokers.