The highlights from Thursday’s SONAR reports are below. For more information on SONAR — the fastest freight-forecasting platform in the industry — or to request a demo, click here. Also, be sure to check out the latest SONAR update, TRAC — the freshest spot rate data in the industry.
Market watch
Jacksonville, Florida
Outbound tender volumes in Jacksonville have been more volatile than cryptocurrencies this year, falling 23% in April before soaring 67% over the next eight weeks. Tender volumes since mid-June had bounced around before falling almost 20% off of their highs.
The Outbound Tender Rejection Index for Jacksonville during this period has been as high as 19% and as low as 9%. In the past two weeks, outbound tender rejections in Jacksonville have been around 12% but in recent days have dropped 180 basis points to settle at 10.1%.
Still, Jacksonville remains a surprising headhaul market in 2022, with a Headhaul Index of 25.1.
Grand Rapids, Michigan
Eleven hundred miles north, Grand Rapids, Michigan, is seeing a surge in outbound volumes that match its highest point since the start of the summer. The Outbound Tender Volume Index has risen 17.3% week over week. Inbound freight is up 10.5% w/w and 35.1% overall since July Fourth.
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