SONAR’s Container Atlas shows new booking volumes plummeting over 35% from their Aug. 1 peak, a key indicator that U.S. import demand is rapidly deteriorating. (Photo: Jim Allen/FreightWaves)
Transportation providers are going to have to maintain an aggressive posture when competing for business during the upcoming bid season.
Ocean carriers are steadily losing pricing power on the trans-Pacific as China to U.S. demand peaks for the second half of 2023.
In a market where capacity is abundant, it is difficult to identify underlying shifts in demand.
U.S. import demand is likely peaking and could soon begin a steady decline toward a “new” bottom in the back half of 2023.
Softening demand in an excess of vessel capacity is putting tremendous downwards pressure on ocean container spot rates.
An unprecedented level of caution among importers likely to cause further declines in import volumes.
Further downside risks to the U.S. economy are increasing the odds of a further decline in containerized import volumes.
It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone.
Further downside risks to the U.S. economy make the odds of a rebound in containerized import volumes unlikely.
Many people get hung up on trying to figure out how much capacity is readily available in trucking when they should be more focused on monitoring demand trends.
There are encouraging signs that demand is returning to the U.S. trucking market, based on high-frequency truckload volume data from FreightWaves SONAR.
Early freight data and channel checks would suggest the freight market could be stabilizing and clearer skies are ahead.
Debate on whether we are in a freight recession has been raging since the first quarter of 2022. The conclusion is now obvious: Freight volumes have collapsed this year, dragging down spot rates with them.
FreightWaves founder and CEO Craig Fuller provides insight into 2022’s peak season.
Contract rates still face downward pressure, especially for live/live loads.
Less than 6% of all truckload shipments in the U.S. are currently being rejected.
A slowing eurozone may pull ocean container rates down further.
FreightWaves founder and CEO Craig Fuller provides insight into the state of trucking contract rates.
The West Coast ocean container volume drop is here and will continue for months to come.
The collapse of spot rates and surge in diesel prices is pushing small truckers out of the industry. One broker called it the “Great Purge.”
There’s no wave of containers coming to rescue U.S. freight markets. Booking data shows that U.S. imports are cratering.
Megaships are helping cause our current supply chain chaos. Big container boats have hampered competition and clogged up ports.
FreightWaves Founder and CEO Craig Fuller provides further analysis regarding the decline in the freight market.
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