SONAR

Impact of levies seen in Canadian trucking, US imports, warehousing and intermodal.

With the integration of SONAR’s market intelligence into project44’s Freight Procurement Analytics, shippers can access data that enables more informed and agile procurement decisions.

Freight volume has been weak this month Tender volume, which counts how often shippers request that carriers pick up loads, has shown weakness this month. (Chart: SONAR) The Outbound Tender Volume Index (OTVI – above) is the SONAR chart that stands out the most to me this week. It measures the volume of requests from […]

Freight market not tightening in time for bid season.

Demand is being pulled forward, ships are being built, and the Red Sea may reopen.

SONAR market experts say Trump’s tariffs on Canada, China and Mexico might have spurred shippers to “pull forward” orders and rethink their supply chains.

Tender rejection rates have held above 7% throughout January and the spread between spot and contract continues to narrow.

Spot rates rise, but inflection yet to take hold.

Tender rejection rates remain above 7%, but tender volumes and spot rates are experiencing some seasonal pressure

Tender rejection rates are remaining elevated during a period where the market would traditionally be loosening

Tender rejection rates were back on the rise this week as winter weather impacted markets across the south. Tender volumes start 2025 down y/y

Tender rejection rates are retreating from their holiday highs, but spot rates have continued to inch higher into the new year.

Tender rejection rates briefly touched 10% before retreating, which continues to show that the freight market is in transition…

New policy could accelerate nearshoring trend.

Tender rejection rates have moved to a 2-year high, but spot rates have yet to see the significant increase from the holidays.

Tender rejection rate rises as holidays approach The tender rejection rate has risen steadily since early October despite tender volume declining. That implies that capacity is leaving the market, which is leading to a tighter freight market. (Chart: SONAR) Both truckload spot rates and tender rejection rates are indicating that the freight market is tightening. […]

Rejection rates and spot rates are likely to see further upward movement with less than two weeks until the Christmas holiday.

With 2024 drawing to a close, team leaders at SONAR discussed during a Thursday webinar the top enhancements made to the logistics data platform.

Morgan Stanley released its 2025 Transportation Outlook, which describes the next year as likely a tale of two halves, one with a powerful restocking-driven upcycle followed by the fears of a downcycle beginning in 2026.

During the State of Freight webinar for December, Craig Fuller and Zach Strickland discuss how a market shift could impact carriers, brokers and shippers in 2025.