Chart of the Week: Reefer Outbound Tender Reject Index – Florida, USDA Produce Spot Rate – Lakeland to Chicago, Lakeland to Boston SONAR: ROTRI.FL, AGRATE.LALCHI. AGRATE.LALBOS
Refrigerated tender rejection rates for loads originating in Florida topped 5% this past week for the first time since July 2022.
The spiking rejection rates coincided with jumping spot rates for produce truckload moves, something that occurs regularly this time of year for the region. The big takeaway is that spot...
The highlights from Friday’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 Watch for Oct. 21:Milwaukee
Outbound demand in Milwaukee dropped for the fifth time in the last month to the lowest levels since April, with most of the decline coming from a plunge in reefer volumes.
The...
By: Corrie White, market reporter at FreightWaves
While the logistics industry has traditionally leaned on seasonality to understand fluctuations in the market, that strategy doesn’t seem to be working anymore.
“If we have learned anything over the past year, it is the fact we cannot apply pre-pandemic patterns to the current freight environment just yet,” said Zach Strickland, director of Freight Market Intelligence at FreightWaves.
This also applies to reefer carriers — a sector that is more...
https://www.freightwaves.com/news/reefer-capacity-remains-tight-how-to-optimize-available-trailers
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
Chart of the Week: Reefer Outbound Tender Reject Index, Truckstop 7-day all-in Reefer Spot Rate, USA SONAR: ROTRI.USA, TSTOPRRPM.USA
Spot rates for refrigerated (known as reefer inside the industry) truckloads continue to see upward pressure as contracted load acceptances increase this summer — leading to a polarizing experience for shippers.
Spot rates for temperature-controlled loads have trended higher since the end of April, increasing approximately 13% over the past two and a half months,...
https://www.freightwaves.com/news/refrigerated-truckload-market-is-having-a-polarizing-summer
Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights.
SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates. In addition, SONAR uses artificial intelligence to develop consistently updated forecasts to give subscribers the most reliable predictions of where trucking spot rates, supply chain demand and logistics capacity are...
https://www.freightwaves.com/news/sonar-expands-its-reefer-data
Chart of the Week: Reefer Outbound Tender Rejection Index, Van Outbound Tender Rejection Index – USA SONAR: ROTRI.USA, VOTRI.USA
The national reefer — industry slang for temperature-controlled trailers — rejection index (ROTRI) topped 48% for the first time since the index’s creation this week, which could move even higher once the vaccine for COVID-19 begins being distributed in the coming months. This means that shippers that utilize temperature-controlled equipment should be prepared to...
https://s29755.pcdn.co/news/reefer-capacity-tapped-out-prior-to-vaccine-release
Chart of the Week: Reefer Outbound Tender Rejection Rate, Van Outbound Tender Rejection Rate – USA SONAR: ROTRI.USA, VOTRI.USA
The freight market is still reeling from the economic mess created by the COVID-19 pandemic, but reefer tender rejection rates have been on the rise since bottoming in late April around 3.8%—now sitting around 5.56%. Dry van rejection rates have yet to make a meaningful movement since bottoming around 2.6% in mid to late April. Could the increase in reefer tender...
https://s29755.pcdn.co/news/reefer-capacity-begins-to-tighten-could-van-follow
