trucking volumes
Heavily contracted carriers having a better year than 2021 — so far
Contract load volumes and rates are outperforming last year’s levels
Chart of the Week: Contract Load Acceptance Volume, Contract Base Rate per Mile Initial Report, Dry Van – USA, SONAR: CLAVV.USA, VCRPM1.USA
Carriers that move mostly contracted freight (not the spot market) may be having a better year this year than through the first five months of 2021. According to FreightWaves’ proprietary contract rate per mile index, long-term rates for standard van freight have increased roughly 18% since...
https://www.freightwaves.com/news/heavily-contracted-carriers-having-a-better-year-than-2021-so-far
Xi’s lockdowns will pull the rug out from under U.S. truckers this summer
Whenever the trucking market slows, truck drivers look for someone to blame. Normally, a slowdown is just a function of supply and demand. The market has too much dispatchable capacity compared to the total number of loads on any given day.
This summer, the trucking market could have one of its steepest declines in recent years and there is an entity that deserves much of the blame – the Chinese Communist Party and its draconian and inhumane lockdowns.
A Chinese containership. (Photo:...Short haul freight drives carrier compliance higher
Chart of the Week: Long Haul Outbound Tender Volume Index, Tweener Outbound Tender Volume Index, Short Haul Outbound Tender Volume Index, Local Outbound Tender Volume Index – USA SONAR: LOTVI.USA, TOTVI.USA, SOTVI.USA, COTVI.USA
Total load tender volumes (shippers’ electronic requests for capacity) have not changed much since March — falling only 1.8% — but their rate of rejection has fallen from 28% to 21% in the same time period. In other words, more loads are being accepted at previously...
https://www.freightwaves.com/news/short-haul-freight-drives-carrier-compliance-higher
Rate increases drive trucking compliance higher in May
Chart of the Week: Van Contract Rate Per Mile Initial Report, Outbound Tender Reject Index – USA SONAR: OTRI.USA, VCRPM1.USA
National tender rejection rates declined about a percentage point on average in May as demand edged higher. The natural thought would be that capacity or the supply of equipment has increased, but the data suggests this was probably due to the increase in long-term or contract rates.
The Outbound Tender Volume Index (OTVI) increased 0.94% in May while tender rejection...
https://www.freightwaves.com/news/rate-increases-drive-trucking-compliance-higher-in-may
This could be the hottest summer ever — for freight
Chart of the Week: Inbound Ocean TEU Volume Index , Van Outbound Tender Volume Index – USA SONAR: IOTI.USA, VOTVI.USA
The Inbound Ocean TEU Volume Index (IOTI), which measures maritime bookings for twenty-foot equivalent units for U.S. imports, is set to hit an all-time high this week. The IOTI starts in January 2019 but covers one of the most active periods in maritime shipping thanks to the pandemic. With imports being tied more closely than ever to surface freight volumes and transportation...
https://s29755.pcdn.co/news/this-could-be-the-hottest-summer-ever-for-freight
Trucking gets another shot in the arm from quarantined consumers
Chart of the Week: Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR: OTVI.USA, PCE.DG
Just as the consumer goods boom appeared to be in decline, spending got another boost on the heels of more stimulus and spiking COVID-19 cases, posting an unexpected 12% sequential gain in January over December after the holiday spending had passed. FreightWaves Outbound Tender Volume Index (OTVI), which measures truckload electronic tender volumes in the U.S., posted...
https://s29755.pcdn.co/news/trucking-gets-another-shot-in-the-arm-from-quarantined-consumers
Winter storms blow freight market back into disarray
Chart of the Week: Outbound Tender Reject Index, Outbound Tender Volume Index – USA SONAR: OTVI.USA, OTRI.USA
The recent string of winter storms and cold weather that has gripped the central U.S. disrupted shipping across the country in a way that is somewhat counterintuitive — volumes fell while capacity tightened.
The Outbound Tender Volume Index (OTVI) — a measure of shipper requests for truckload capacity — fell over 6% last week while the Outbound Tender Rejection Index (OTRI) — the rate...
https://s29755.pcdn.co/news/winter-storms-blow-freight-market-back-into-disarray
Christmas vacation will exacerbate supply chain bottlenecks
Chart of the Week: Weekly Customs Import Shipments – USA, Logistics Managers’ Index – Warehouse Capacity SONAR: WCSTM.USA, LMI.WHCP
If you thought 2020 would go quietly into that good night, you haven’t been paying much attention. Many people have posted on social media that they are ready for this year to end, as if the problems of the year created by the COVID-19 pandemic will suddenly disappear with the turning of the calendar page. One headache that appears to be staying with us at least...
https://s29755.pcdn.co/news/christmas-vacation-will-exacerbate-supply-chain-bottlenecks
West Coast imports slowing; trucking and rail volumes remain strong
Chart of the Week: Customs Import Shipments, Outbound Tender Volume Index, Outbound Loaded Rail Containers – Los Angeles SONAR: CSTM.LAX, OTVI.LAX, ORAILL.LAX
Daily U.S. import shipments clearing the ports of Los Angeles and Long Beach have been trending lower over the past eight weeks after peaking in early September. Import shipment volumes have exceeded the previous two years consistently since about mid-July. These figures are starting to move closer to the previous year, which should mean...
https://s29755.pcdn.co/news/west-coast-imports-slowing-trucking-and-rail-volumes-remain-strong