Shark attack in Greek Town!!
It’s Monday and Detroit has the loads and no trucks to haul them.
It happens, trust me.
I watch this market and all of the Great Lakes region quite a bit, being from Cleveland right down the road. There are very interesting dynamics between Cleveland, Columbus, Detroit, Chicago, and Joliet.
Detroit is the place to get a load and get paid for the next few days.
The SONAR dashboard is showing outbound tender rejections (OTVI) jumped 45.9%, meaning capacity got tight very quickly. You can see this in the upper left corner. This means shippers are waking up to a different market today and need to find capacity.
Wait time is at 117 minutes, which is pretty much the national average. The chart on the right-hand side is telling you that inbound tender rejections (SONAR’s ITRI) are climbing just as fast. This means that contract carriers are refusing loads into Detroit.
It is a perfect storm for shippers and carriers today in Detroit as outbound volumes jump and capacity refuses to enter the market.
Go find your load and head to Pegasus in Greek Town for lunch before you blow town.
Peace and Love