Truckers need to be in the know and ready to kick ass at any moment. This is particularly true in times like these.
Let me lead you to the freight in these lean hunting times.
This freight market is like a dry winter in the Everglades with the gators gathering in the waterholes. Cannibalism occurs nightly in those hell holes.
The SONAR chart below shows a freight winter, not unlike that nightmare in the Everglades.
Outbound truckload volumes are ticking upward, while rejections are trending downward. This is not a good situation for small carriers.
It means the contract carriers are accepting more and more loads.
It’s no wonder with contract rates still up and spot rates floundering around like a wounded mackerel…er…something…
The SONAR charts above provide a deeper look into this summer freight gloom.
The Market Table on the left is filtered for the degree of headhaul. The largest markets are at the top and are smaller toward the bottom.
Well, look at OTRI, or outbound tender rejections. Five of the top eight headhaul markets have falling rejection rates. Seven of them have increasing volumes.
Not good for rates. More loads and more acceptance.
The SONAR map below displays the weekly change in rejections in color and the weekly change in volumes in elevation.
Very few locations are showing any tightening and those that are – they are not high-volume markets.
Duluth, Winchester, Roanoke, Evansville – not exactly bellwethers of the freight market.
A hungry shark is going to starve unless it has timely information it can act on.
Smell the Glov…Uhm…Blood! That’s as close as I can get to a Spinal Tap reference.
The SONAR OTRI chart above shows today’s markets and Wilmington, North Carolina, is a nice shade of blue.
At a 12.45 rejection rate and a decent kick-up over the weekend; I smell blood!
The SONAR chart below shows the timeline of rejections on the left and breaks that down by major lanes on the right.
Capacity has been tightening in this market over the past 10 days. Flying under the radar, this market is ripe for some decent-paying loads.
Wilmington to Columbus, Ohio is the most rejected.
The SONAR Market Dashboard above is showing the Wilmington, North Carolina to Wilmington, Ohio lane.
I know, Columbus, but it’s just cooler to do Wilmington to Wilmington. And you can easily deadhead up to Columbus.
At $3.23 per mile, it is well above the national average. The confidence score of 5 is the highest there is.
There is blood in Wilmington, North Carolina!
And, just so you know I am not leading you astray, Wilmington, Ohio, to Chicago is at $3.52 so….
Go get paid!
Peace and love