truckload spot rates

Rate imbalance exacerbates trucking capacity issues

Chart of the Week: SONAR Market Dashboard TRAC spot rates for Elizabeth, NJ to Dallas and Los Angeles to Dallas  SONAR: Market Dashboard App

There is no doubt the unprecedented amount of goods demand is the primary contributor to the shortage of transportation capacity, but one consequence of such sudden strong growth has been a disproportionate increase in truckload rates between markets across the U.S. 

The two lanes depicted in this week’s chart from the FreightWaves SONAR Market Dashboard are...

https://www.freightwaves.com/news/rate-imbalance-exacerbates-trucking-capacity-issues

Refrigerated remains most challenged truckload mode heading into the holidays

Chart of the Week: Reefer Outbound Tender Rejection Index, Van Outbound Tender Rejcection Index, Flatbed Outbound Tender Rejection Index – USA SONAR: ROTRI.USA, VOTRI.USA, FOTRI.USA

Refrigerated — or reefer — capacity continues to be the scarcest of the three main truckload trailer types heading into the holiday season. Reefer tender rejection rates, a measure of carrier compliance with higher values leading to more expensive prices, have increased by 8 percentage points since the first of...

https://www.freightwaves.com/news/refrigerated-remains-most-challenged-truckload-mode-heading-into-the-holidays

Truckload spot market eerily calm prior to traditional peak season

Chart of the Week: Truckstop.com Average Van/Reefer/Flatbed Rate per Mile – USA SONAR: TSTOPVRPM.USA, TSTOPRRPM.USA, TSTOPFRPM.USA

Truckload spot rates have been slowly declining since Labor Day for the three main equipment types of dry van, refrigerated (reefer) and flatbed loads. The declines have been nominal, with the all-inclusive rates falling the most (4%) for refrigerated loads and just over 1% for van and flatbed freight. As discussed in last week’s chart of the week, a rapid rise in fue...

https://www.freightwaves.com/news/truckload-spot-market-eerily-calm-prior-to-traditional-peak-season

FreightWaves releases FreightWaves’ TRAC Spot Rates and Market Dashboard

FreightWaves has formed the Trusted Rate Assessment Consortium (TRAC) to provide the freshest view of spot rates in the U.S. inside the new Market Dashboard application in SONAR. Combined with its database of millions of data points, SONAR has the most comprehensive view of the transportation markets available.  

Craig Fuller, FreightWaves founder and CEO, stated, “Working alongside dozens of spot market participants, FreightWaves has created the freshest and most relevant set of data in the...

https://www.freightwaves.com/news/freightwaves-releases-freightwaves-trac-spot-rates-and-market-dashboard

Surging fuel costs are masking trucking spot rate decline

Chart of the Week: Ultra-Low Sulfur Diesel Rack Price, Diesel Truckstop Retail Price, Truckstop.com Average Van Rate per Mile – USA SONAR: ULSDR.USA, DTS.USA, TSTOPVRPM.USA

The price of diesel fuel has increased 23.8% since Aug. 23 while the average spot rate is on par with where it was prior to Labor Day. The big takeaway here is that spot rates would probably be falling more rapidly if not for the surging cost of fuel, but what does this mean for the upcoming holiday season for trucking?

Fuel...

https://www.freightwaves.com/news/surging-fuel-costs-are-masking-trucking-spot-rate-decline

Freight flow imbalance is the real capacity issue

Chart of the Week: Truckstop.com 7 Day Van Rate Per Mile Los Angeles to Dallas and Dallas to Los Angeles  SONAR: TSTOPVRPM.LAXDAL, TSTOPVRPM.DALLAX

The biggest reason for the current truckload capacity shortage is the exacerbation of the majority of goods moving from west to east. This relationship is reflected in the spot rate for freight moving from Los Angeles to Dallas and the return trip. Rates are currently almost three times as expensive moving east than west for the exact same mileage.   

https://www.freightwaves.com/news/freight-flow-imbalance-is-the-real-capacity-issue

Carriers head west for a modern-day gold rush — of freight

Chart of the Week: Longhaul Inbound Tender Rejection Index – Regional – USA  SONAR: LITRI.URNE, LITRI.URNW, LITRI.URSE, LITRI.URSW, LITRI.URWT, LITRI.URMP, LITRI.URMW

Carriers have a clear preference in terms of where they are trying to position themselves in the U.S. and it illustrates just how unbalanced transportation capacity continues to be. Loads traveling more than 800 miles (long haul) to the West Coast have been rejected at nearly half the rate of any other region in the continental...

https://www.freightwaves.com/news/carriers-head-west-for-a-modern-day-gold-rush-of-freight

Why is carrier compliance increasing along with spot rates?

Chart of the Week: Van Outbound Tender Reject Index, Truckstop.com top 100 all-in van rate per mile – USA  SONAR: VOTRI.USA, TSTOPVRPM.USA

Tender rejection rate changes typically lead spot rates by several days as the underlying contract market destabilizes in front of the spot market. Currently they are moving in different directions. Why is this happening?

The freight market is going through a lot of changes. The pandemic year capacity crunch has motivated shippers to change their behaviors and...

https://www.freightwaves.com/news/why-is-carrier-compliance-increasing-along-with-spot-rates

Produce spot rates break $10K per load in November

Chart of the Week:  USDA Produce Truckload Spot Rate – San Francisco to Philadelphia, Fresno to Atlanta, San Francisco to Atlanta SONAR: AGRATE.SFOPHL, AGRATE.FATATL, AGRATE.SFOATL

According to the USDA, spot rates for truckloads hauling produce are hitting their highest marks of the year, with rates exceeding $10,000  in certain lanes across the U.S. Almost anyone who has been involved in domestic transportation over the past few years knows about the infamous “produce” season that typically...

https://s29755.pcdn.co/news/produce-spot-rates-break-10k-per-load-in-november

Reefer capacity tapped out prior to vaccine release

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

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