The highlights from Monday’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 for Sept. 12
Memphis, Tennessee
Today we will specifically be looking into the trends within the reefer markets across the nation.
Next week is supposed to be a hot one for Memphis with rising temperatures, but the reefer market is keeping it cool this week.
Since Labor Day, the Reefer Outbound Tender Volume Index in Memphis is up 45.8% to a 30-day high of 9.35.
Reefer capacity is tightening in the market, evident by the Reefer Outbound Tender Reject Index rising 982 basis points in the last week to 19%. The tightening of the reefer market will begin to put upward pressure on spot rates leaving Memphis.
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