Tender volumes closed August higher, up 3.13% year over year. A slight rise in rejection rates before Labor Day was still below July peaks.
Tender volumes increased over the past week, while tender rejection rates remained unchanged. The next week will be important for the direction of the freight market in the fourth quarter.
Tender volumes started to gain a little positive momentum over the past week while tender rejection rates inched slightly lower…
The freight market is fairly stable to start August as spot rates and tender rejection rates experienced little change week over week…
Spot rates moved slightly higher in the final week of July, while rejection rates and volume levels continued to retreat from recent highs.
Spot rates have retreated off their recent high, but remain elevated compared to the rest of the year while demand and rejection rates are following seasonal trends.
The freight market is appearing to stabilize at higher levels after the Fourth of July, setting up for a better second half of 2024.
The freight market was more reactive to the Fourth of July holiday than the year prior, but capacity has been quick to return to the road.
Volumes, rejection rates and spot rates remain elevated, setting the stage for the summer months.
Volumes, rejection rates and spot rates remain elevated following the Memorial Day holiday, setting the stage for the summer months.
Even as carriers’ pricing power deteriorated, freight demand was consistently robust throughout February.
The early stages of this recovery are characterized by a rebalancing market, a return to normalcy after a four-year roller coaster of volatility.
The sustained imbalance between supply and demand has yet to be corrected, such that only an unprecedented tidal wave of demand could satisfy the current amount of capacity in the national freight economy.
Spot rates did eventually see a boost at the start of the new year, albeit one that was unable to meet our prior forecasts.
Tender volumes began to outpace 2020 earlier this week and are now marching toward favorable comparisons with 2021.
Volumes are leveling out at the start of December, delaying the seasonal dip that ordinarily occurs at this time of the year.
Tender volumes were outpacing 2022 levels before the holiday and came within spitting distance of 2020 — freight demand’s second-best year on record.
This week, freight markets underwent a surprising rally that saw a wave of volumes sweep across the country.
Domestic manufacturers fail to inspire optimism, since they foresee major headwinds on output in the first half of 2024.
The upcoming months are littered with major holidays during which carriers can leverage seasonal constraints on capacity for higher spot rates.
