SONAR

Tariffs in 7 SONAR charts

Tariffs are making Canadian highway capacity scarcer

An index of outbound Canadian tenders, or shippers’ requests to move loads, is shown in white on the right axis. The percent of those tenders that are rejected by carriers is shown in red, on the left axis. (Chart: SONAR)

A week ago, it wasn’t clear whether the tariffs on Canada and Mexico would actually be implemented. But, as the first business days of March approached and it became clearer that the North American tariffs were all systems go,...

https://www.freightwaves.com/news/tariffs-in-7-sonar-charts

SONAR se asocia con Project44 en la nueva herramienta de análisis de adquisiciones

En un mercado de carga turbulento, la necesidad de estrategias de adquisición basadas en datos nunca ha sido mayor. Para abordar esta creciente demanda, Project44 dio a conocer su análisis de adquisición de carga solución el lunes en asociación con la plataforma de inteligencia de mercado de carga...

https://fullavantenews.com/sonar-se-asocia-con-project44-en-la-nueva-herramienta-de-analisis-de-adquisiciones/?lang=es

SONAR partners with project44 on new procurement analytics tool

In a turbulent freight market, the need for data-driven procurement strategies has never been greater. To address this growing demand, project44 unveiled its Freight Procurement Analytics solution on Monday in partnership with real-time freight market intelligence platform SONAR. The partnership provides shippers with contract benchmarking, procurement optimization and visibility into carrier rates.

Addressing procurement challenges with data
Project44’s Freight Procurement Analytics showing...

https://www.freightwaves.com/news/sonar-partners-with-project44-on-new-procurement-analytics-tool

Are low February freight volumes more than seasonality?

Freight volume has been weak this month

Tender volume, which counts how often shippers request that carriers pick up loads, has shown weakness this month. (Chart: SONAR)

The Outbound Tender Volume Index (OTVI – above) is the SONAR chart that stands out the most to me this week. It measures the volume of requests from shippers to move loads. It moved 3.8% lower in the past two weeks and is 6.9% below the year-ago level. That 3.8% two-week decline breaks down to a 3.1% decline for the dry van...

https://www.freightwaves.com/news/are-low-february-freight-volumes-more-than-seasonality

Another year of stagnant intermodal pricing?

Intermodal rates mixed across lanes

The one-year change in the Transcon Index and the Local East Index are shown in red and white, respectively. (Chart: SONAR)

Late last year, SONAR rolled out intermodal contract rates by lane. These include fuel surcharges. In addition to lane-level rates for 67 lanes, SONAR includes a Transcon Index (IMCRPM.TRANSCON – red line above) and a Local East (IMCRPM.LOCALEAST – white line above) Index. Detail on the components of those indexes is available here.

A trend...

https://www.freightwaves.com/news/another-year-of-stagnant-intermodal-pricing

Will ocean rates collapse?

Ocean demand being pulled forward

The main debate regarding the container ship market is whether several factors will converge to tank rates later this year. Most industry professionals are on board with the view that there was a significant pull forward of imports to avoid tariffs and potential port worker labor strife. According to Global Port Tracker, port activity increased 14.4% and 14.8% for December and all of 2024, respectively. Imports at the Port of Los Angeles have also been tracking...

https://www.freightwaves.com/news/will-ocean-rates-collapse

Tariffs loom over freight market, may shift supply chains, SONAR experts say

President Donald Trump’s tariffs on China and those threatened against Mexico and Canada may slow freight markets and shift supply chains to Vietnam, Taiwan and India, according to a panel of SONAR market experts.

SONAR’s Zach Strickland, director of freight market intelligence; Tony Mulvey, senior analyst, economics and transportation; and Mike Baudendistel, head of intermodal solutions, hosted a webinar on Tuesday titled “Navigating the Trump Administration’s Tariff Policies: A Roundtable...

https://www.freightwaves.com/news/tariffs-loom-over-freight-market-may-shift-supply-chains-sonar-experts-say

Market stable to close January; tariffs signal wild ride for February

This week’s FreightWaves Supply Chain Pricing Power Index: 40 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 40 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 40 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

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https://www.freightwaves.com/news/market-stable-to-close-january-all-eyes-on-tariffs

Freight markets improve slower than carriers would like

Trucking market still on track to tighten, but progress only gradual

While most evidence still suggests that freight markets are on a path toward tightening, comments by public carriers so far this earnings season highlight the lack of an immediate inflection. As JP Hampstead described in his article earlier this week, “progress in tightening capacity and rising rates is halting and gradual.” Knight-Swift, the largest U.S. truckload carrier, reported a 0.7% decline in truckload revenue per...

https://www.freightwaves.com/news/freight-markets-improve-slower-than-carriers-would-like

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