SONAR sightings for March 30: Nashville to Toledo, shipper update, more
Spot rates from Nashville to Toledo have fallen significantly, and Allentown has an overwhelming amount of outbound loads in relation to inbound loads
Spot rates from Nashville to Toledo have fallen significantly, and Allentown has an overwhelming amount of outbound loads in relation to inbound loads
Rejection rates have plummeted out of Elizabeth after a tumultuous winter, and in the Seattle to Chicago lane, an intermodal volume decline and surge in intermodal spot rates highlight a lack of available intermodal capacity.
Spot rates remain sticky above $2.65 per mile from Atlanta to Dallas, and capacity from Cleveland to Atlanta is likely to tighten in the coming days as the Headhaul Index surges 22% week-over-week.
Savannah to Allentown spot rates are likely to rise as the Headhaul Index has increased 10% w/w, Outbound tender lead times hit shocking heights in Elizabeth, New Jersey.
Spot rates are up 4% since the start of March in the Savannah to Atlanta lane, tightening capacity in Kansas City signals spot rates will start to increase
Spot rates have fallen 42 cents a mile this month in the Kansas City, Missouri, to Columbus, Ohio, lane; rejection rates in Nashville, Tennessee, are at their second-highest levels for the month.
Spot rates from Harrisburg to Indianapolis have stalled after a month-long drop, climbing rejection rates from Columbia to Jacksonville give a forewarning for spot rates.
Philadelphia’s OTVI has risen 3.5% since start of march, J.B. Hunt to expand intermodal fleet by 40%
Nashville to Elizabeth rejections are likely to increase further, In the Chicago to Atlanta lane, domestic intermodal volume hit its highest level in the past year, more
Dallas to Lakeland rejections fall but rates remain sticky; outbound tender rejections in Toledo increase; and more.
Spot and rejection rates fall rapidly in the well-supplied Charlotte to Atlanta lane, Intermodal volume rises in the Seattle to Chicago lane, prompting carriers to increase spot rates to protect capacity for contracted shippers, MORE
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Spot rates from Chicago to Minneapolis are down more than 30 cents; spot shippers may want to consider using rail for less time-sensitive loads; more.
Spot rates have fallen nearly $1 a mile since Jan. 1 from Ontario, California, to Columbus, Ohio, and capacity is tightening in Denver.
Savannah’s Headhaul index is up 14%, Ontario’s outbound tender rejection rate is at it slowest in over six months, more
Capacity loosens in Nashville, volume at the port in Savannah rises, more
112 empty domestic containers moved from out of Dallas to LA in the last week, Phoenix is among the lowest rejection rates in the country at 8.87%, more