REEFER RATES

SONAR Sightings: Illinois pumpkin capital sees 43% less reefer volume this year

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 Watch for Oct. 12:Bloomington, Illinois

Reefer volumes from the pumpkin capital of Morton, Illinois, which falls into the Bloomington market, are nowhere near the levels of previous years.

In the last couple...

https://www.freightwaves.com/news/sonar-sightings-illinois-pumpkin-capital-sees-43-less-reefer-volume-this-year

SONAR Sightings: Southern California reefer volumes trend down into autumn; rejections in Memphis deflate

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 Watch for Sept. 28:Fresno, California

Reefer volumes in Fresno, California, are continuing a steady decline that started last week.

Since Sept. 21 the Reefer Outbound Tender Volume Index for Fresno is down...

https://www.freightwaves.com/news/sonar-sightings-southern-california-reefer-volumes-trend-down-into-autumn-rejections-in-memphis-deflate

SONAR Sightings for July 18: Reefer volumes out of ‘Brew City’ remain elevated during summertime

The highlights from Monday’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

Milwaukee didn’t get the nickname “Brew City” for no reason. Wisconsin is also the dairy capital of the country — and we all likely know at least one “cheesehead.”

But when it comes to the outbound reefer...

https://www.freightwaves.com/news/sonar-sightings-for-july-18-reefer-volumes-out-of-brew-city-remain-elevated-during-summertime

Xeneta: Reefer Rates From North Europe to Far East: First signs of easing for long-term rates

Peter Sand

Despite months of softening on the backhaul North Europe to Far East trade, with rates on the spot market closing in on USD 1 000 per FEU for normal-dry containers, spot rates for reefer containers on this trade have been stable since early 2021, averaging USD 5 300 per 40’ reefer on 11 April.

The long-term market, on the other hand, has shown its first signs of easing this year, dropping between Q1 and Q2, though only by USD 200 per reefer, still leaving the average long-term contract...

https://allaboutshipping.co.uk/2022/04/13/xeneta-reefer-rates-from-north-europe-to-far-east-first-signs-of-easing-for-long-term-rates/

Refrigerated truckload market is having a polarizing summer

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

SONAR expands its reefer data

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

Produce season comes early?

Chart of the Week:  Reefer Outbound Tender Reject Index – USA, USDA Produce Truckload Spot Rate – Los Angeles to Dallas, Reefer Outbound Tender Reject Index – Los Angeles SONAR: ROTRI.USA, AGRATE.LAXDAL, ROTRI.LAX

It is widely known at this point that the winter plunge that hit the central U.S. a couple of weeks ago sent shockwaves through trucking networks that are still being felt throughout the country. As dry van capacity has somewhat started to recover, reefer capacity has become even more...

https://s29755.pcdn.co/news/produce-season-comes-early

No relief for perishables shippers: reefer rates will stay high into summer

From 1 April, Hapag-Lloyd will raise rates for general and reefer containers from Egypt to Latin America, while higher rates will kick in at MSC for cargo going from Australia, the Middle East and the Indian subcontinent to the US as well as from the US to Latin America.
Yesterday’s announcements mark the latest increases in reefer rates and spell further grief for perishables shippers.
Like general 20ft and 40ft ocean containers, …

The post No relief for perishables shippers: reefer rates will...

https://theloadstar.com/no-relief-for-perishables-shippers-reefer-rates-will-stay-high-into-summer/

The Daily Dash: The price for vaccine distribution

Tendfer rejections rise as vaccine is about to hit supply chain

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, tightness in the reefer market could complicate COVID vaccine distribution — or at least drive up the price of distribution. Plus, a charity group is helping truckers in need this year, and investment firms are buying into digital freight brokerage.

Reefer capacity could complicate vaccine distribution

As vaccine distribution is almost ready to accelerate, a refrigerated trailer capacity issue is...

https://s29755.pcdn.co/news/the-daily-dash-the-price-for-vaccine-distribution

Good signs for trucking from produce?

Chart of the Week: USDA Produce Truckload Rate – San Francisco to Chicago, Reefer OUtbound Tender Rejection Index – California SONAR: AGRATE.SFOCHI, ROTRI.CA

The year’s headlines to date have centered around panic and disorder. Anyone perusing social media can see a slough of memes pointing out what a disaster of a year 2020 has been thus far. This article will point to one area that is actually having a better year – the produce trucking sector.

“Produce season” is a reference to the moving...

https://s29755.pcdn.co/news/good-signs-for-trucking-from-produce

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