SONAR

Tender volumes have started to flatten out while tender rejection rates have picked up a little steam this week.

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Tender volumes have continued to show strength, but the market remains oversupplied. Hurricane Francine had little impact on the market

Even a short work stoppage by the ILA would greatly disrupt freight networks. SONAR charts show evidence of shippers looking to avoid getting caught in a potential ILA strike which has impacts on maritime, rail intermodal and truckload data.

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Tender rejection rates suffered the largest weekly decline in the past 6 weeks while tender volumes are being impacted by the holiday weekend

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Tender volumes closed August higher, up 3.13% year over year. A slight rise in rejection rates before Labor Day was still below July peaks.

FreightWaves’ State of Freight webinar suggests U.S. consumers could help boost the freight marketplace during the holidays.

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Tender volumes increased over the past week, while tender rejection rates remained unchanged. The next week will be important for the direction of the freight market in the fourth quarter.

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Tender volumes started to gain a little positive momentum over the past week while tender rejection rates inched slightly lower…

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The freight market is fairly stable to start August as spot rates and tender rejection rates experienced little change week over week…

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Spot rates moved slightly higher in the final week of July, while rejection rates and volume levels continued to retreat from recent highs.

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Spot rates have retreated off their recent high, but remain elevated compared to the rest of the year while demand and rejection rates are following seasonal trends.