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The Inbound Ocean TEU Volume Index (IOTI), which measures maritime bookings for twenty-foot equivalent units for U.S. imports, is set to hit an all-time high this week. The IOTI starts in January 2019 but covers one of the most active periods in maritime shipping thanks to the pandemic. With imports being tied more closely than ...
This could be the hottest summer ever — for freight Inbound TEU bookings are set to exceed 2020 peak by nearly 8% this week 0 6 3 minutes read Chart of the Week: Inbound Ocean TEU Volume Index , Van Outbound Tender Volume Index – USA SONAR:IOTI.USA, VOTVI.USA The Inbound Ocean TEU Volume Index (IOTI), which measures maritime bookings for twenty-foot equivalent units for U.S. imports, is set to hit an all-time high this week. The IOTI starts in January 2019 but covers one of the most active periods in maritime shipping thanks to the pandemic. With imports being tied more closely tha...
Trucking gets another shot in the arm from quarantined consumers Consumers spent 22% more on goods in January, tightening capacity back to peak levels in March 0 10 3 minutes read Chart of the Week: Outbound Tender Volume Index – USA, Personal Consumption Expenditures – Durable Goods SONAR: OTVI.USA, PCE.DG Just as the consumer goods boom appeared to be in decline, spending got another boost on the heels of more stimulus and spiking COVID-19 cases, posting an unexpected 12% sequential gain in January over December after the holiday spending had passed. FreightWaves Outbound Tender...
Produce season comes early? Photo: Jim Allen - FreightWaves Chart of the Week: Reefer Outbound Tender Reject Index – USA, USDA Produce Truckload Spot Rate – Los Angeles to Dallas, Reefer Outbound Tender Reject Index – Los Angeles SONAR:ROTRI.USA, AGRATE.LAXDAL, ROTRI.LAX It is widely known at this point that the winter plunge that hit the central U.S. a couple of weeks ago sent shockwaves through trucking networks that are still being felt throughout the country. As dry van capacity has somewhat started to recover, reefer capacity has become even more scarce as national reefer...
Winter storms blow freight market back into disarray Winter weather retightens domestic trucking capacity even as demand drops 4,666 4 minutes read Chart of the Week: Outbound Tender Reject Index, Outbound Tender Volume Index – USA SONAR: OTVI.USA, OTRI.USA The recent string of winter storms and cold weather that has gripped the central U.S. disrupted shipping across the country in a way that is somewhat counterintuitive — volumes fell while capacity tightened. The Outbound Tender Volume Index (OTVI) — a measure of shipper requests for truckload capacity — fell over 6% last ...