SONAR highlight reel: Contrary to typical seasonality, intermodal volume rises in Nov.

See description of the just-released FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate data on pages 5-6.

Truckload demand has started to pick up ahead of the Thanksgiving holiday. Tender volumes grew by almost 1% over the past week, while accepted volumes were basically flat. The capacity situation remains difficult as one in five tenders is being rejected by carriers. Truckload rates are off the recent peak and unlikely to peak again. With that said, shippers should be hesitant to push rates down too fast while trying to take advantage of easing conditions.

Daily domestic intermodal volume rose 2.2% in November from October levels after increasing 8% from levels the prior two months. That indicates that railway fluidity is improving. What’s less encouraging for shippers is that intermodal contract rates increased in October, up about 14% year-over-year (y/y), which suggests that shippers that have not rebid their intermodal loads for a while will likely see a steep increase in rates.

Maritime import volumes show signs of stabilization with TEU import volume at the L.A./Long Beach port complex down 13% from peak levels in May. Despite that drop in volume, the number of vessels at anchor in San Pedro Bay is still hovering around 80 with 5 vessels arriving daily. The current time from anchor to berth at the Port of L.A. is nearly 19 days.

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What's the SONAR ROI?

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

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