OTVI

Why it still feels like a recession for many

Chart of the Week: Inbound Ocean TEUs Index, Outbound Tender Volume Index – USA  SONAR: IOTI.USA, OTVI.USA

Import demand based on bookings of twenty-foot equivalent units heading into the U.S.

(IOTI) remains down compared to two years ago, but only slightly. Truckload tender volumes (OTVI) are down roughly 25% compared to the same period in 2022. These two figures are effective indicators of goods demand in the U.S. This is the perspective of deterioration that many businesses are still coping...

https://www.freightwaves.com/news/why-it-still-feels-like-a-recession-for-many

Companies’ drive for expanding margins threatens future freight demand

Chart of the Week: Producer Price Index – all commodities, Consumer Price Index – all, Outbound Tender Volume Index – USA SONAR: PPI.ALLCOM, CPI.ALL, OTVI.USA

The Producer Price Index (PPI), which measures the input costs for goods, has fallen 8% since last summer. The Consumer Price Index (CPI), which measures what consumers pay for goods and services, has kept increasing. Companies are still trying to get their margins back to pre-pandemic levels with price increases on finished goods. This...

https://www.freightwaves.com/news/companies-drive-for-expanding-margins-threatens-future-freight-demand

State of Freight for February: Excess capacity still a damper on rates

With little indication of a freight market turnaround showing up in any data set, two FreightWaves executives who also wear the hat of market experts faced a question during their most recent State of Freight webinar.

“What should a small carrier do to survive?” FreightWaves CEO Craig Fuller and SONAR market expert Zach Strickland were asked Tuesday during the monthly webinar.

Their answer and their discussion of four other topics are below.

Staying alive

“The smallest carriers are the most...

https://www.freightwaves.com/news/state-of-freight-for-february-excess-capacity-still-a-damper-on-rates

California pierde y Texas gana 

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Gráfico de la Semana: Outbound Tender Volume Index – EEUU, Texas, California SONAR: OTVI.USA,...

https://www.freightwaves.com/news/california-pierde-y-texas-gana

Loaded and Rolling: U.S. Xpress pivots from Variant; Truckload volumes’ post-Labor Day slump

U.S. Xpress pivots from Variant
(Photo: Jim Allen/FreightWaves)

U.S. Xpress is going through a reorganization following a recent round of layoffs. The technology-driven Variant program will be merged into a larger Highway Services group, which will include the legacy over-the-road business and the USX freight brokerage. The company also announced a termination of the lease on Variant’s Atlanta headquarters due to the reduction in workforce and remote options.

In a call with analysts Thursday...

https://www.freightwaves.com/news/loaded-and-rolling-us-xpress-pivots-from-variant-truckload-volumes-post-labor-day-slump

Refrigerated truckload demand stays hot in early winter

Chart of the Week: Reefer Outbound Tender Volume Index, Reefer Outbound Tender Rejection Index – USA  SONAR: ROTVI.USA, ROTRI.USA

Demand for refrigerated or reefer truckload capacity appears to be sustaining and even trending higher into what is traditionally a slower period for the sector, according to the Reefer Outbound Tender Volume Index (ROTVI). The ROTVI is a measure of demand for refrigerated truckload capacity that counts and indexes total electronic requests submitted by shippers to...

https://www.freightwaves.com/news/refrigerated-truckload-demand-stays-hot-in-early-winter

Maritime booking surge suggests capacity could get tighter this fall

Chart of the Week: Inbound Ocean TEUs Volume Index, Outbound Tender Volume Index – USA  SONAR: IOTI.USA, OTVI.USA

Maritime bookings represented by the Inbound Ocean TEUs Volume Index (IOTI) show a 40% increase over the past two weeks, the strongest spike in activity since early spring. This movement breaks the slow downward trend that had been in place since late April and could mean this cycle of tightened transportation capacity may have yet to peak. 

The IOTI is an index with a base value of...

https://www.freightwaves.com/news/maritime-booking-surge-suggests-capacity-could-get-tighter-this-fall

Port of Oakland becomes next overflow valve for shippers

Chart of the Week: Inbound Ocean TEU Volume Index – Port of Oakland, Outbound Tender Volume INdex – San Francisco, Stockton  SONAR: IOTI.USOAK, OTVI.SFO, OTVI.SCK

Shippers are booking over two times the amount of freight coming into the Port of Oakland as this time last year — a trend that could make the Northern California markets a much more favorable destination for truckload providers as evidenced by the increasing outbound tender volumes.

Normally a backhaul region, or an area that consumes...

https://www.freightwaves.com/news/port-of-oakland-becomes-next-overflow-valve-for-shippers

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