SONAR Container Atlas

SONAR Sightings: Southern California volumes edge upward; Germany to US rates rise

The highlights from Tuesday’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. 11:Ontario, California

Volumes out of Ontario finally found a floor after a decline that lasted nearly a month.

Since Sept. 16, the Outbound Tender Volume Index in Ontario is down 162 points, or...

https://www.freightwaves.com/news/sonar-sightings-southern-california-volumes-edge-upward-germany-to-us-rates-rise

SONAR Sightings: Savannah imports up 8% this year; volumes in Denver hit 2-year low

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 Sept. 30:

Savannah, Georgia

Hurricane Ian skipped over Savannah and made its second landfall Friday afternoon just north of Charleston, South Carolina.

The Georgia Port Authority released its hours of...

https://www.freightwaves.com/news/sonar-sightings-savannah-imports-up-8-this-year-volumes-in-denver-hit-2-year-low

SONAR Sightings: Rejections slide in Elizabeth, New Jersey; global booking volume continues decline

The highlights from Thursday’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. 22:

Elizabeth, New Jersey

Capacity is loosening in Elizabeth, New Jersey, as the weekly average of imports to the Port of New York and New Jersey is trending down.

The seven-day moving average...

https://www.freightwaves.com/news/sonar-sightings-rejections-slide-in-elizabeth-new-jersey-global-booking-volume-continues-decline

SONAR Sightings for July 14: Northeast tender rejections rise; maritime bookings down leading into peak

The highlights from Thursday’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

The major markets in the Northeast experienced a rise in volume during the post-Independence Day surge but have since started a downward trajectory.

Allentown and Harrisburg, Pennsylvania, and Elizabeth,...

https://www.freightwaves.com/news/sonar-sightings-for-july-14-northeast-tender-rejections-rise-maritime-bookings-down-leading-into-peak

SONAR Sightings for July 11: California port imports fall as much as 42% in the past year

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

The congestion at the ports and how much volume they’re processing has been a topic of interest among industry professionals and even outside observers. Most notable in these discussions are the ports in...

https://www.freightwaves.com/news/sonar-sightings-for-july-11-california-port-imports-fall-as-much-as-42-in-the-past-year

Asia-US container shipping rates are flashing two bearish signals

picture of container shipping

Trans-Pacific spot container shipping rates have crossed two bearish thresholds. It depends on which indexes you believe, but according to Drewry’s, spot freight rates are now below where they were at this time last year, and according to Xeneta’s, spot rates are now below current contract rates.

Spot rates now versus last year

Drewry’s weekly spot rate assessment, released Thursday, put Shanghai-Los Angeles rates at $7,952 per forty-foot equivalent unit, down 7% year on year (y/y). Drewry put...

https://www.freightwaves.com/news/asia-us-container-shipping-rates-are-flashing-two-bearish-signals

Order lead times plummet as inventories grow and demand uncertainty soars

Shipping lead times fall 23% as companies order less goods with more frequency

Chart of the Week: Ocean TEU Booking Lead Times – All ports to the USA  SONAR: Container Atlas

Order lead times — the time between order placement and expected ship date for containerized imports — have dropped 23% since late April as supply chain managers are forced to change their strategy in an economic environment that is once again in a transitional state. 

Last week, Target reported that it had essentially too...

https://www.freightwaves.com/news/order-lead-times-plummet-as-inventories-grow-and-demand-uncertainty-soars

Import demand predicted trucking spot rate increase and decline

Import container volumes continue to point to domestic freight market slowing

Chart of the Week: National Trucking Index – USA, Inbound Ocean TEUs Index – China to USA  SONAR: NTI.USA, IOTI.CHNUSA

Back in the early part of the pandemic, companies began to import goods at an incredible pace, leading to the unprecedented rise in the truckload spot market rates. The connection between imports and trucking is not always this consistent, but the pandemic has strengthened their relationship thanks to...

https://www.freightwaves.com/news/import-demand-predicted-trucking-spot-rate-increase-and-decline