FreightWaves SONAR

The 4th of July might kick-start the freight market with a bang! 🌭🎆 Our market experts will be keeping a close eye on the Outbound Tender Rejection Index to determine potential disruptions throughout the week. Tune in next week to get a recap! https://lnkd.in/ghFSwz8c #4thofJuly #America #USA #trucking #4thofJulytraffic

Join us live for this month’s State of Freight as we talk about the market shift this Thursday, July 18 at 2pm ET. Register below! https://bit.ly/3VYgY3U #marketshift #marketupdates #freightinsights #freight #freightdata #stateoffreight

Looking at the OTRI (Outbound Tender Rejection Index), over the last week we hit over 6% for the first time since 2022 -- last year, we didn't reach over 4%. Time will tell what the rest of the year will hold, but we are still continuing to see a mirroring of the 2019 trends. Watch more below from Zach Strickland, our Head of Freight Market Intelligence, as he walks through several charts to keep an eye on right now. #spotrates #contractrates #freight #freightrates #transportation

Our team of Customer Success managers and market experts are always working together to improve your experience on our platform. Interested in learning more about SONAR? Reach out today or follow this link for a demo! https://bit.ly/4a7QF12 Photo by: Jim Allen #shipping #container #shippers #data #supplychaindata

Take a deeper dive to understand the freight market environment with our new SONAR Solution Guide: Understanding the Freight Cycle. Read more below: https://lnkd.in/g66hfEw9 #solutions #freight #freightsolutions #freightmarket #freightwavesSONAR

Every month, we bring you a short and sweet market analysis, done by our market analyst, Luka, accompanied by charts from our partners at FreightWaves SONAR. Enjoy! We are starting off with the Rejection Index, which is finally surging upwards globally. As of June 28, 2024, it is at 6.14%. At these current levels, let's say it's an even ball game. If we look at some specific areas, there are some that have passed the 8% mark. For example, the eastern part of TN is in the mid-8% range. Memphis, at one point, was well over 10%, but now is skimming around the 9.2% mark. Atlanta follows these patterns as well. Los Angeles is just under the 8% mark but will likely reach it sooner rather than later. Houston is oscillating over and under that mark. Very interesting and positive developments. So capacity is tightening, but what's happening with the volume? For the better part of the year, volume was higher than in 2020, and now I would say it's about the same. Right now, we are experiencing the 4th of July push, so there are numbers here and there that are spiking. After that ends and everything settles down, the path will be clear. 4o

If you're looking for a one-stop shop for freight insights and leading market indicators, our Q2 Freight Rate Report is now live! Click the link below to download: https://lnkd.in/gawJeSBs

With Hurricane Beryl making landfall in Houston, it has already knocked out power for over 2 million people. Read more below about the storm and what to expect in the coming days: https://lnkd.in/e5i72fF7 #hurricane #hurricaneseason #hurricaneberyl

Brand New SONAR Feature: the Excel Add-in 🎉 You and your teams can now access SONAR data and perform faster data analysis — all within Excel! We're extremely proud of our team for all the hard work it took to get here and can't wait for our customers to start utilizing this tool. #new #productrelease #productupdate #SaaS #freight #transportation

Want to learn how brokers can gain a competitive edge right now? Read more below about our consortium and how you can become a part of it! #freight #brokers #brokerage https://lnkd.in/g4g83CmS