Volume levels are following a similar trend to 2019, just 40% higher. Tender rejection rates are trending sideways, likely to move higher over the next week.
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.
Southern California is the main entry point for imported goods in the U.S. Congestion around rail ramps and deteriorating service pushed shippers to trucking over the summer, but that trend is reversing as truckload costs soar out of the West.
Anthony Smith and Zach Strickland discuss whether there are still breaks in the transportation system on this episode of Freightonomics.
Tender volumes decline but remain elevated compared to ‘normal years’ meanwhile rejection rates have found footing around 20%.
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.
Tender volumes decline but remain elevated compared to ‘normal years’ meanwhile rejection rates have found footing around 20%.
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.
Tender volumes have started to erase the Thanksgiving noise. At the same time, rejection rates have plateaued around the 20% mark.
Among Friday’s notes: TRAC spot rates for Harrisburg to Chicago, consumer conditions in November, and more.
Zach Strickland and Anthony Smith make their end-of-year predictions for 2022 on this episode of Freightonomics.
Among Thursday’s notes: Boston outbound rejection rates spike, capacity still tight in lower Midwest, and more.
Thanksgiving noise continues to mask freight volumes, but that noise will be erased in the upcoming days. Meanwhile, Thanksgiving drove spot rates higher over the past week.
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.
