The Headhaul Volatility Index also rose 21.25% in Nashville, Tennessee.
Is this the Hot Market to start this week?
Yes! And, no.
There is more to it than those two figures and the SONAR dashboard below is a great place to check the macro and micro-markets on a Sunday to get your weekly reset.
It really doesn’t matter if you are a shipper, carrier, or broker. Everyone needs the same information.
True, we all look at it from a different perspective; however, volumes and capacity, tenders and acceptance, and supply and demand all drive rates, service, and profit margins.
Yes, there is more, but let’s keep it simple. After all, it is Sunday you know.
The Most Volatile Markets chart in the upper right corner indicates if movement in an index is of any significance to that particular market. Green is an upward movement and red is a downward movement.
Outbound Rejection Volatility is the index impacted by supply and demand and drives rates. It also indicates the ability of shippers to secure capacity.
Virginia and northern Florida are the markets with the highest potential for rate increases and shipping disruptions.
The maps on the right side are both showing the weekly change in outbound rejections (color) and outbound volumes (elevation). The top map is by market and the map on the bottom is filtered to regions.
The colors on the maps indicate the directions of both volumes and capacity. The weekly change is more indicative of market direction than the tactical daily.
However, it is important to pair these maps with a qualifier; that is the Most Volatile Markets table in the upper left.
On the bottom left corner is a gauge chart.
Retail diesel prices are trending upward and are at a 52-week high.
The Rejection Index is dropping and near a 52-week low, indicating capacity is abundant.
The Outbound Tender Volume Index is dropping, indicating a softening truckload market.
I’m not sure how anyone can read a positive message from these data points. We all know what is going on with TEU bookings as well. Nothing to change the tide there.
However, the data is there for you to take advantage of opportunities and avoid disruptions to your operation.
Read more articles from Michael “The Dude” Vincent
Peace and love