Friday, February 3, 2023
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 Featured

SONAR highlight reel: Ocean rates to the moon

by Tony Mulvey
Thursday, June 24, 2021
in Featured, Global Trade, Intermodal, Rail, Special Topic, Trucking
Reading Time: 2min read
0

This “SONAR highlight reel” freight market update report, which we plan to publish every other week, is intended to concisely hit data highlights in the truckload, intermodal and maritime industries. 

June is typically a strong period for truckload demand and this June is proving to be no exception. Gaining steam from an already-high level, accepted tenders are up 4% over the past month and are 15% higher than 2020 levels. While tender rejection rates have declined from recent highs (to below 23%), we attribute that primarily to contracts being re-priced at sharply higher rates rather than any meaningful loosening of capacity.  

Major trends in intermodal data include: (1) international volume up nearly 30% y/y while domestic volume is down slightly; (2) international empty container volume is up 78% y/y; (3) eastbound headhaul lanes continue to show far greater volume and pricing growth than backhaul lanes; (4) spot rates have spiked in certain domestic intermodal lanes as carriers price to the market and respond to congestion. 

Meanwhile, the most notable data set showing movement in maritime is the Freightos Baltic Daily Index from China to the North American East Coast, which looks more like a meme stock chart than a series of freight rates and is now up over 200% y/y. The same index from China to the North America West Coast is up a relatively modest 174% y/y.

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 shipmentsintermodal volumesocean freight ratessonar updateTrucking spot ratestrucking volumes
ShareShareTweetSend

Tony Mulvey

Research Associate, FreightWaves

Related Posts

3PLs

Rocky road on the way in 2023?

Monday, December 12, 2022
Department stores find leading economic indicators in freight market data
3PLs

Department stores find leading economic indicators in freight market data

Thursday, November 17, 2022
Lumber companies face complex freight decisions
3PLs

Lumber companies face complex freight decisions

Wednesday, October 26, 2022
Next Post

Housing affordability issues put brakes on flatbed demand

Popular Research

  • Rocky road on the way in 2023?

    0 shares
    Share 0 Tweet 0
  • Falling freight demand shapes 2022 outlook

    0 shares
    Share 0 Tweet 0
  • Lumber companies face complex freight decisions

    0 shares
    Share 0 Tweet 0

By Categories

  • 3PLs (119)
  • Carrier Outlook (6)
  • Featured (71)
  • Financials (22)
  • Freight Market Outlook (1)
  • Global Trade (6)
  • Intermodal (109)
  • Most Popular (27)
  • News (81)
  • Passport Research (35)
  • Rail (98)
  • Shippers (33)
  • Special Topic (99)
  • Technology (19)
  • Trucking (160)

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