Average spot rate hits $3.10/mile, supported fuel, and a tight market This week’s SONAR Pricing Power Index (PPI): 70 (unchanged) – This past week, the national tender rejection rate remained...
Tender rejection and spot rates hit fresh YTD highs
Mike Baudendistel
Clearly a carriers’ market as the end of 1Q approaches This week’s SONAR Pricing Power Index (PPI): 70 (up 5 points) – Both the national tender rejection rate and the...
Not yet a March Madness, but spot rates are rising unchecked. This week’s SONAR Pricing Power Index (PPI): 65 (up 5 points) – In the past week, the tender rejection...
Freight market remains in carriers’ favor with particular tightness in flatbed
Mike Baudendistel
Tender rejection rates are a leading indicator for spot rates. This week’s SONAR Pricing Power Index (PPI): 60 (unchanged) – An overall tender rejection rate above 13% and an average...
Freight market stays in carriers’ favor with improving outlook
Mike Baudendistel
Gravity is not pulling freight data back down to prior levels. This week’s SONAR Pricing Power Index (PPI): 60 (unchanged) – Current freight market dynamics have changed relatively little since...
Northeast storms notwithstanding, freight data signals market turn This week’s SONAR Pricing Power Index (PPI): 60 (unchanged) – The unchanged PPI reflects tender rejection rates and other freight data...
In weather vs. market debate, most data suggest market is shifting in carriers’ favor This week’s SONAR Pricing Power Index (PPI): 60 (unchanged) – Since spot rate and tender rejection...
Rejection rates’ continued rise supports the view that a carriers’ market is upon us This week’s SONAR Pricing Power Index (PPI): 60 (+ 5) – While it’s clear that a...
Winter storm pushes national tender rejection rate to 3.5-year high
Mike Baudendistel
Disruption was most impactful in Memphis, Dallas, and Houston This week’s SONAR Pricing Power Index (PPI): 55 (Unchanged) – Winter Storm Fern was arguably the most disruptive winter storm to...
Storm creates temporary bounce in rejection rates and spot rates This week’s SONAR Pricing Power Index (PPI): 55 (+5 points) – Freight market data before Winter Storm Fern suggested that...
Freight market improvement remains on track, but uncertainty rises
Mike Baudendistel
Potential US-Europe trade war over Greenland widens range of outcomes This week’s SONAR Pricing Power Index (PPI): 50 (Unchanged) – The latest data, including a nationwide tender rejection rate of...
Tender rejection rates stay elevated in mid-January
Mike Baudendistel
Pockets of tightness arise in Baltimore, Stockton, and Mobile This week’s SONAR Pricing Power Index (PPI): 50 – The freight market appears roughly in equilibrium, on average, with a balance...
