Weekly Market Update

SONAR sightings for March 21: Dallas to Philadelphia, weekly outlook, more

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.

Lane to watch: Dallas to Philadelphia

Overview: Domestic intermodal volume hit its highest level in the past year as carriers protect intermodal capacity for contracted shippers. 

Highlights:

  • Spot rates have fallen 21...

https://www.freightwaves.com/news/sonar-sightings-for-march-21-dallas-to-philadelphia-weekly-outlook-more

Tender volumes slip this week

Tender volumes slipped by 2.7% overall this week on a national basis but from a very elevated base. If one looks at the weekly Outbound Tender Volume Index (OTVI) map below, one might think freight markets have reversed course and are retreating significantly. Here’s the OTVI weekly change for select major markets:

Ontario, California: -6% 

Atlanta: -4.5%

Indianapolis: -7.5%

Harrisburg, Pennsylvania: -5%

Houston: -3.5%

Stockton, California -8%

(Chart: SONAR; 3-D Map; Weekly outbound tender volume...

https://s29755.pcdn.co/news/tender-volumes-slip-this-week