Phoenix and Denver are both seeing an uptick in outbound volumes days after the holiday drop, and capacity in Elizabeth, New Jersey, handles the increased port volume.
Containerized imports to Savannah were increasing before the holiday, and rejection rates out of Dallas fell 100 basis points since Monday.
Nashville, Tennessee’s, rejection rates have crashed to their lowest values since April 2020, putting downward pressure on spot rates, but in Kansas City, Missouri, rejections and rates are both rising.
The rate at which carriers are rejecting freight out of LA is pushing spot market rates upward, while the opposite is happening in Detroit.
At the start of September, outbound volumes in Indianapolis dropped 4.5% overnight. Meanwhile, in Greenville, South Carolina, they increased 14.5% overnight.
Salt Lake City is seeing increased outbound volume to start September, while Denver continues to experience a decline.
Outbound volumes from New Orleans are rising sharply at the end of the month while they plunge in San Antonio.
Outbound volumes in Allentown continue to rise at the start of the week, and Detroit levels are nearing a record since 2018.
Outbound volumes in Ontario are up after a 12.3% drop earlier this month but decline in the formerly greener pastures of South Carolina.
Reefer volumes in Northern California start to fall, and Bowling Green, Kentucky, shows signs of a headhaul market.
The discrepancy between inbound and outbound volumes in Louisville, Kentucky, is the greatest it has been on record. Philadelphia continues to see an increase in the Headhaul Index.
Brokerages that already have customer contracts allow agents more rate stability
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.
Rebuilding tornado-damaged areas of the South could add stress to flatbed capacity in the coming months.
Driver as a service: J.B. Hunt becomes Waymo’s first self-driving freight customer, Commentary: The dangers of dwell, Market update: Outbound tender rejections decline amid rising spot rates
FreightWaves’ Top 500 Largest For-Hire Carriers list FreightWaves just released the inaugural Top 500 list of the largest for-hire trucking fleets in the U.S. The ranking is based on tractor count and provides information on fleet size regardless of segment. For example, there is not a distinction between flatbed, LTL or dry van carriers; instead, […]
The benefits of pets in the cab, port woes in the U.S. and China, and no usual post-holiday dip in volumes.
Tender indices are the most relevant benchmarks of market demand and capacity. Now through Bloomberg Enterprise Access Point, FreightWaves is enabling industrial and financial market participants to access these critical data sets..
Fleets on the East Coast need to make every attempt to maximize capacity and assets
Companies are paying significantly more for transportation than they were a year ago with many contracts yet to be implemented.
