backhaul

SONAR Sightings for Aug. 10: Philadelphia sustains 2022 headhaul activity; Louisville sees highest level of outbound volume

The highlights from Wednesday’s SONAR reports are below. For more information on SONAR — the fastest freight-forecasting platform in the industry — or to request a demo, click here. Also, be sure to check out the latest SONAR update, TRAC — the freshest spot rate data in the industry.

Market watchPhiladelphia

A traditional backhaul market and major consumer center for the Northeast, Philadelphia continues to see outbound volume increases that have become more common throughout 2022.

Since Aug. 2,...

https://www.freightwaves.com/news/sonar-sightings-for-aug-10-philadelphia-sustains-2022-headhaul-activity-louisville-sees-highest-level-of-outbound-volume

Backhaul Box Rates Rise Due To Record Cancellations

freight index chart
  • Coronavirus-induced cancellations has resulted in a capacity shortfall for cargo.
  • A total of 77 container-ship sailings had been blanked — 48 trans-Pacific and 29 Asia-Europe.
  • The record cancellation of sailings has backhaul rates on many routes already starting to climb.
  • Rates on the North Europe-China route have risen 46%.
  • Backhaul rates are rising across the board, but much more so from Europe than from the U.S.
  • Headhaul pricing remains relatively constant due to cargo shortage.

According...

http://mfame.guru/backhaul-box-rates-rise-due-to-record-cancellations/