Reefer volumes in Illinois remained elevated throughout most of October 2021. Although they were up leading into October this year, reefer volumes have since dropped significantly.
After a monthlong decline in volumes from Southern California, they begin to tick upward this week, and spot rates from Rotterdam to New York rise 8.4%.
FreightWaves and Revenova announce a partnership that will benefit mutual customers.
The Lakeland and Jacksonville markets are both recovering from Ian, but tender rejections remain relatively high. Retail diesel prices are swinging back up, collapsing the spread between retail and wholesale.
After reaching a six-month high in outbound demand, volume in Chicago is on a steady downward stream, and both major markets in Pennsylvania are also experiencing declines.
Dallas, Cincinnati and Denver are all experiencing upward trends after outbound volume lows.
As Southern California is the heartbeat of outbound truckload volume, the significant decrease in freight coming out of the region reflects in national freight volumes; maritime booking volume from all ports in SONAR Container Atlas are down 20% from this time last year.
FreightWaves and Hubtek are partnering to offer SONAR data in Hubtek’s TABi Connect.
The reefer market in Milwaukee is the primary driver behind its demand, and in the last year volumes are down 59%. Ocean spot rates from China to both U.S. coasts drop even further as the fourth quarter starts.
Atlanta is seeing consistent levels of outbound volume, retaining the majority market share with 4.1%. Diesel prices are decreasing at a faster rate than they increased over the summer.
The port of Savannah imported more than 200,000 TEUs in September, and truckload volumes in Denver plunged to a two-year low.
Reefer volumes in Fresno, California, continue a decline as September closes, while both inbound and outbound volumes in Memphis, Tennessee, are consistently trending upward.
Atlanta is seeing a sharp rise in outbound volume, and markets in Florida, southern Georgia and Alabama increase inbound volume in preparation for the hurricane.
Truckload volumes in Ontario, California, decline as the ports hit their lowest market share in decades, and Port Houston sees a drop in imports.
Outbound volumes from Detroit are back to their highest levels on record since 2018, and the spread in intermodal rates between Atlanta and LA is its lowest since 2021.
Imports to the Port of New York and New Jersey are down this week, causing the Elizabeth, New Jersey, truckload market to soften. Shipments worldwide are down more than 33% since July 1.
FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.
Headhaul markets historically begin to send out more volume in preparation for the holiday peak, but 2022 continues to show different trends.
Rejection rates in El Paso swung upward in response to an increase in outbound volume, and the Department of Energy clocks diesel prices below $5 per gallon for the first time since April.
Reefer volumes spike in Illinois, the port of Houston sees a record number of TEUs in August, and exports from China continue to slide worldwide.
