Tuesday, July 5, 2022
FreightWaves Passport
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In
No Result
View All Result
FreightWaves Passport
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In
No Result
View All Result
FreightWaves Passport
No Result
View All Result
Home 3PLs

SONAR highlight reel: Intermodal spot rates surge in past week

by Tony Mulvey
Monday, August 16, 2021
in 3PLs, Featured, Intermodal, Rail, Trucking
Reading Time: 2min read
0
SONAR highlight reel: Intermodal spot rates surge in past week

Freight volumes continue the robust growth though relative capacity has started to tighten again, following a seasonal pattern. The rise of volumes in the shorter lengths of haul have led to spot rates setting new all-time highs in both the dry van and reefer market, although rejections hit the lowest level in more than a year. 

As intermodal service continues to be an issue for shippers and impairs intermodal volume (intermodal volume is failing to keep pace with domestic truckload and import volumes), the railroads increased intermodal spot rates dramatically in the past week. That has put intermodal further out of reach for spot shippers in the lanes outbound from L.A. and has placed intermodal and truckload spot rates at close to parity from Chicago to Elizabeth, NJ.  

Maritime data suggests that further shipment delays, elevated ocean rates and a strained domestic transportation network should be expected. The National Retail Federation expects August to set a new record for U.S. imports, eclipsing the record set in May. Nearly 30 containerships are at anchor in the San Pedro Bay, which suggests additional delays in getting consumer goods to market. Further complicating matters for shippers, a COVID outbreak at one terminal at the Port of Ningbo, the world’s third-largest container port, has reduced its capacity to 80%.

Members Only

You have selected content that's only available to members of FreightWaves Passport. As a member, you gain immediate access to the most in-depth and informative freight research available. It's your gateway to continuing education.

Members also get:

  • Access to exclusive community dedicated to discussing the most important challenges facing freight.
  • Monthly and Quarterly Freight Market reports keeping you informed of industry trends.
  • Much, much more!

Click below to learn more and sign up today!

Subscribe
Existing Passport subscribers may log in using the form below.

 
 
Forgot Password
Tags: import volumesintermodal volumeslogistics researchtransportation research
ShareShareTweetSend

Tony Mulvey

Research Associate, FreightWaves

Related Posts

3PLs

Fear and Loathing in Las Trailer Pools: FreightWaves Research into Drop Trailer Detention Rates

Monday, June 13, 2022
3PLs

Falling freight demand shapes 2022 outlook

Tuesday, March 29, 2022
3PLs

SONAR highlight reel: West Coast freight markets loosen across modes

Monday, February 28, 2022
Next Post
Ocean shippers trapped in house of pain

Ocean shippers trapped in house of pain

Popular Research

  • Falling freight demand shapes 2022 outlook

    0 shares
    Share 0 Tweet 0
  • How much freight do the top 100 shippers in the U.S. control?

    0 shares
    Share 0 Tweet 0
  • Fear and Loathing in Las Trailer Pools: FreightWaves Research into Drop Trailer Detention Rates

    0 shares
    Share 0 Tweet 0

By Categories

  • 3PLs (112)
  • Carrier Outlook (6)
  • Featured (64)
  • Financials (21)
  • Freight Market Outlook (1)
  • Global Trade (6)
  • Intermodal (104)
  • Most Popular (27)
  • News (81)
  • Passport Research (35)
  • Rail (93)
  • Shippers (28)
  • Special Topic (92)
  • Technology (19)
  • Trucking (153)

FreightWaves Passport




Research built for present and future c-suite executives.





Benefits

  • Research
  • Education
  • Community
  • Events

Research by Topic

  • 3PLs
  • Carrier Outlook
  • Featured
  • Financials
  • Freight Market Outlook
  • Global Trade
  • Intermodal
  • Most Popular
  • Special Topic
  • Trucking

Resources

  • Webinars
  • Meet the Team
  • Contact Us

© Copyright 2021 | FreightWaves, Inc. | All Rights Reserved

No Result
View All Result
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In

© Copyright 2020 | FreightWaves, Inc. | All Rights Reserved