truckload volumes

Rail strike threat may have goosed truckload demand

Chart of the Week: Outbound Tender Volume Index – Ontario, Outbound Loaded Domestic Container Volumes – Los Angeles SONAR: OTVI.ONT, ORAILDOML.LAX

Outbound tender volumes — shipper requests for truckload capacity — jumped 16% over the average level of August this past week out of the Ontario market in Southern California. Domestic rail container volumes were down roughly 2% at the end of the week out of Los Angeles. While difficult to tie together perfectly, this could be an illustration of how...

https://www.freightwaves.com/news/rail-strike-threat-may-have-goosed-truckload-demand

Truckers work through Labor Day as market continues to soften

Chart of the Week: Outbound Tender Rejection Index, Contract Load Accepted Volume – USA SONAR: OTRI.USA, CLAV.USA

Truckload volumes for contract freight jumped 3% in the week leading up to Labor Day while load rejections remained near annual lows below 6%. As a consequence, truckload spot market rates barely moved, increasing a marginal 2.3% in the week leading up to the holiday. Rates increased over 6% in 2021 off a much higher base value. This is the latest signal that the trucking market...

https://www.freightwaves.com/news/truckers-work-through-labor-day-as-market-continues-to-soften

Loaded and Rolling: U.S. Xpress pivots from Variant; Truckload volumes’ post-Labor Day slump

U.S. Xpress pivots from Variant
(Photo: Jim Allen/FreightWaves)

U.S. Xpress is going through a reorganization following a recent round of layoffs. The technology-driven Variant program will be merged into a larger Highway Services group, which will include the legacy over-the-road business and the USX freight brokerage. The company also announced a termination of the lease on Variant’s Atlanta headquarters due to the reduction in workforce and remote options.

In a call with analysts Thursday...

https://www.freightwaves.com/news/loaded-and-rolling-us-xpress-pivots-from-variant-truckload-volumes-post-labor-day-slump

Holiday truckload demand stronger than in 2020

Chart of the Week: Outbound Tender Volume Index – USA SONAR: OTVI.USA

After underperforming 2020 over Thanksgiving, the Outbound Tender Volume Index (OTVI) that measures the amount of electronic requests for truckload capacity shippers send to carriers has been averaging over 10% higher than the previous year since Dec. 22. This trend is a sign that shippers still have plenty of freight to move heading into the new year. 

The OTVI is an index with a base value of 10,000 based on the tender...

https://www.freightwaves.com/news/holiday-truckload-demand-stronger-than-in-2020

Are freight volumes hitting a high point? — #WithSONAR

with sonar header

On this episode of #WithSONAR, Luke Falasca and Kyle Taylor discuss the possibility of truckload volume hitting a new all-time high.  

They use SONAR data and charts to look at how much volume is really flooding the market and whether there is any capacity on the horizon to help alleviate the stress. 

Ocean imports are also increasing, which when coupled with near-record port congestion on the West Coast could cause a big Q4 push in truckload volume.

You can find more #WithSONAR episodes and...

https://www.freightwaves.com/news/are-freight-volumes-hitting-a-high-point-withsonar

What will redistribution of imports mean for surface transportation?

Chart of the Week:   Inbound Ocean Shipments Index – Houston, Los Angeles, Savannah, New York, Oakland SONAR: IOSI.USHOU, IOSI.USLAX, IOSI.USSAV, IOSI.USNYC, IOSI.USOAK

Import volumes continue to climb, creating bottlenecks at some of the largest ports in the U.S. Importers are scrambling to find a more reliable point of entry by booking freight coming into less-congested areas. The Inbound Ocean Shipments Index measures freight booking activity for shipments entering the U.S. at the port level...

https://s29755.pcdn.co/news/what-will-redistribution-of-imports-mean-for-surface-transportation

Is West Coast freight here to stay?

Chart of the Week:  Outbound Tender Market Share – Los Angeles, Ontario, Chicago, Joliet SONAR: OTMS.LAX, OTMS.ONT, OTMS.CHI, OTMS.JOT

Chicago used to be considered the top freight market in the U.S. as a centralized location and solid infrastructure make it an ideal hub for distribution channels in the eastern half of the country. Understatement alert: Times have changed. Over the past two years, the Los Angeles markets have taken over as the nation’s leading point of origin. Trade wars and...

https://www.freightwaves.com/news/is-west-coast-freight-here-to-stay

Consumer spending drove freight growth in 2020

Chart of the Week:  Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR: OTVI.USA, PCE.DG

Consumer spending on durable goods expanded dramatically in the second half of 2020, showing a significant connection to FreightWaves’ national Outbound Tender Volume Index (OTVI). Prior to the pandemic, this connection was not as clean thanks to a healthier mix of manufacturing and industrial activity. The biggest question now is what happens if and when this...

https://s29755.pcdn.co/news/consumer-spending-drove-freight-growth-in-2020

2020 closes with plenty (of freight) left in the tank

Chart of the Week:  Daily Customs Shipments, Outbound Tender Reject Index – USA SONAR: CSTM.USA, OTRI.USA

This final 2020 edition of the chart of the week combines the two most relevant statistics of the year: maritime import shipments and tender rejection rates. Before the pandemic, the two measures had little connection to each other. In 2019, container imports had time to sit in warehouses as shippers were able to plan and prepare for seasonal purchasing patterns to reemerge, allowing them to...

https://www.freightwaves.com/news/2020-closes-with-plenty-of-freight-left-in-the-tank

Trucking industry expected to remain on upswing through 2021

Despite economic conditions taking a dive due to COVID-19, the trucking market has persisted and looks to remain on an upward trajectory heading into 2021. The industry’s strong fundamentals have FreightWaves researchers suggesting that it may spark a multiyear upcycle for trucking.

In partnership with Blume Global and U.S. Bank, FreightWaves’ Freight Intel researchers have identified and analyzed the macroeconomic variables that shaped the dynamic freight landscape during the first half of 2020...

https://s29755.pcdn.co/news/trucking-industry-expected-to-remain-on-upswing-through-2021

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