Small Fleet recap: Trucker Tools utilizing SONAR for rate visibility
Trucker Tools is utilizing FreightWaves’ SONAR to provide rate visibility to the carriers that need it most.
Trucker Tools is utilizing FreightWaves’ SONAR to provide rate visibility to the carriers that need it most.
Daily national average of spot rates drops, and tender rejections across the country tell the story of the current condition of the market.
FreightWaves SONAR data can be indispensable, particularly in this environment.
Truckload spot rates from Chicago to Dallas continue to drop, and overall volume shipped from China to the US drops 36% in the last year.
Tender rejections out of LA hit the floor at 3.4%, while out of Jacksonville they are reaching 17%.
Rejection rates soar out of Atlanta, and manufacturing is expected to be on the rise.
Spot rates from Atlanta to Chicago are up 9%, while national intermodal contract rates continue to rise.
A combination of rising fuel prices, lowering spot rates and falling imports makes for a freight market in transition.
Los altos precios del combustible y las tarifas spot más bajas, junto con el 17% de los volúmenes de carga de camiones relacionados con las importaciones, significa que el mercado está en transición
Tender rejections out of Memphis, Tennessee, surge 251 basis points week-over-week, and reefer spot rates from Milwaukee to Indianapolis begin to drop.
Volatility from Memphis, Tennessee, to Atlanta gives carriers an edge to increase their rates, and outbound tender rejections from New Orleans are on the rise.
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Rates from LA to Dallas experience a 26 cent drop below the national average, while Jacksonville to Atlanta sees a 32 cent increase.
Spot rates edged upward from Harrisburg, Pennsylvania, to Charlotte, North Carolina, as capacity declined due to the Memorial Day weekend, and a significant increase in rejection rates out of Jacksonville, Florida, is keeping upward momentum on spot rates.
Intermodal spot rates from LA to Chicago experience a decline, and outbound tender volumes for Houston are up 2% week-over-week.
Spot rates from Houston to New Orleans are almost double the national average, and China’s zero-COVID initiative continues to affect trade.
Outbound tender rejections for Houston hit 8.3%, and retail sales show an increase of 0.9% in the month of April.