SONAR Sightings for Aug. 18: Outbound volume in Baltimore takes a dive; Detroit continues to see record highs
Outbound tender volumes are driving down the Headhaul Index in Baltimore, while volumes in Detroit continue to soar.
Outbound tender volumes are driving down the Headhaul Index in Baltimore, while volumes in Detroit continue to soar.
The Headhaul Index in Denver dropped to its lowest score since June, and both inbound and outbound volumes in New Orleans remain undecided on which direction to take.
The freight market in Lexington, Kentucky, continues to heat up, as Jacksonville, Florida, cools down.
Outbound tender rejection rates in Memphis fell hard to the lowest value since April 2020, while outbound volumes in Philadelphia continue to rise.
Outbound volume from northern California has jumped in August, and rejection rates have soared in Baltimore from increased volumes and protests at the port.
Detroit sees at least a 20% decrease in both inbound and outbound volumes, and imports to the Northeast are slow to transition to the truckload market.
Philadelphia is a backhaul market that has switched to a headhaul market so far this year, and outbound volumes in Louisville, Kentucky, have reached their highest point since SONAR began tracking the market in 2018.
Jacksonville shows steady signs of its headhaul nature after backhaul activity earlier this year. Outbound volumes in Salt Lake City have decreased 11% in August.
A traditionally strong backhaul market, San Antonio experiences headhaul market activity for the first time, and the amount of imports diverted to Gulf ports is being felt in the truckload market.
Outbound volumes from Ontario, California, continue to dive, while smaller markets such as Greenville, South Carolina, show signs of increase.
Outbound volumes in Detroit explode as both inbound and outbound tenders heat up the market in Boston.
The Port of New York and New Jersey is seeing an increased amount of imports, but they are not hitting the truckload market.
Headhaul markets such as Chicago continue to see a decrease in outbound volume, while backhaul markets like New Orleans experience growth.
Outbound reefer tender volumes for San Francisco have risen 54% in the past two months, while outbound volume for Phoenix has risen 20% in two weeks.
Backhaul markets are seeing more outbound volume, while traditional headhaul markets are beginning to see more inbound volume.
Markets in the Southeast, North and Midwest are experiencing an increase in outbound volume that some haven’t seen in almost a year.
Pittsburgh is experiencing a rise in both outbound and inbound tender volumes simultaneously.
Seattle, a traditional backhaul market, is now experiencing headhaul market activity.
Outbound volumes are rising in Joliet but rejections are decreasing, pointing to a higher acceptance rate of contract loads.
Indianapolis’ outbound volume caused the Headhaul Index to increase 36.1% week over week, and outbound loads within 100 miles of the San Francisco market are being rejected as a result of protests.