Weekly Market Update

Tender rejections and spot rates also fall slightly.

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Listen to the podcast to hear a breakdown of the survey.

Tender rejections: After increasing from 6.52% to 8.91% last week, we expect national rejection rates to continue to rise but at a slowing pace in the coming week as carriers struggle to recover from spiking demand. Manufacturing outlook: The coming week will give a refresher for industrial production. Manufacturing is plagued by a lack of […]

Construction outlook: Construction outlook:The Federal Reserve announced an emergency 50-basis-point (bps) rate cut last Tuesday, lowering its target Fed Funds range to 1-1.25% from 1.5-1.75%. The Fed cut is a reaction to the rising economic risk posed by the coronavirus becoming a global pandemic and the knock-on effects to global supply chains and consumer spending. […]

Each week, FreightWaves will release a short video highlighting the top moving markets around the country using our proprietary datasets. Included in this weekly update will be a combination of freight volumes, capacity and more to give viewers a deep understanding of which markets to notice. The Outbound Tender Volume Index (OTVI) is SONAR’s proprietary […]

Manufacturing outlook: The coming week will be telling for the industrial segment. The Institute for Supply Management updated the Purchasing Managers’ Index (ISM.PMI). It breached the 50-expansion threshold in for two consecutive months. There may be some talks of a turnaround for the manufacturing segment. However, the numerous headwinds in the current macro-economy suggest that […]

Each week, FreightWaves will release a short video highlighting the top moving markets around the country using our proprietary datasets.

Each week, FreightWaves will release a short video highlighting the top moving markets around the country using our proprietary datasets. Included in this weekly update will be a combination of freight volumes, capacity and more to give viewers a deep understanding of which markets to notice. The Outbound Tender Volume Index (OTVI) is SONAR’s proprietary […]

Freight volumes and rejections continue their newfound winning ways

Miami saw the biggest increase in activity this week, followed by Cleveland and Newark.

Your weekly snapshot of how the markets are doing.