SONAR Sightings: Atlanta volumes gain momentum; NY/NJ imports drop again

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Market Look ahead to Nov. 8:

Atlanta

Volumes in Atlanta are choosing up steam after dropping to their lowest ranges since April 2020.

Outbound demand from the Empire of the South took a serious tumble, falling 8.4% from Oct. 30 till Sunday. This week, nonetheless, issues are lastly starting to choose again up.

The Outbound Tender Quantity Index for Atlanta edged upward almost 9 factors, or 2.1%, to 426.53. That’s a modest enhance for a market similar to Atlanta, however business professionals understanding of the area are already feeling the influence.

“Atlanta’s outbound volumes transferring alongside the East Coast are wanting nice,” mentioned Preston Pickett, a logistics supervisor at Steam Logistics. “Capability is available and charges are dropping.”

The rise in quantity is transferring rejection charges upward. The Outbound Tender Reject Index is up 38 foundation factors this week to three.5% and nonetheless pointed in an upward trajectory, indicating that there’s greater than sufficient out there capability to deal with the rise in quantity.

Elizabeth, New Jersey

Rejections and truckload volumes in Elizabeth, New Jersey, are in a stalemate as imports to the Port of New York and New Jersey decline.

The seven-day transferring common for U.S. customs maritime import shipments to the Port of New York/New Jersey started to trickle down on Oct. 27, dropping 11.6% from that point till final Wednesday. Imports then took a steep drop, falling one other 28% from Wednesday to Friday.

The floor transportation business instantly noticed the drop in imports, evident by the Outbound Tender Quantity Index in Elizabeth plunging greater than 44 bps, or 14.2%, to 266.43 on Thursday.

Since then, truckload volumes stay flat. The Outbound Tender Quantity Index is barely up 1.5 bps within the final 4 days, and rejections are following an analogous development.

The Outbound Tender Reject Index for Elizabeth ticked upward 32 bps on Wednesday to 4% and since then has moved barely downward to three.9%. The shortage of motion within the final week signifies that carriers are settling into their contracted freight as a way to safe masses throughout the unvarying quantity ranges.

NTI as a degree of reference

The Nationwide Truckload Index is a every day have a look at how spot charges in particular lanes maintain up compared to the nationwide common, giving carriers and brokers an thought of which lanes to gravitate towards or keep away from.

Lane to look at: Atlanta to Orlando, Florida

Spot market charges from Atlanta to Orlando, Florida, are down 15 cents because the begin of the month however nonetheless stay elevated at $3.24 a mile — 72 cents above the nationwide common.

Nevertheless, the draw back is that outbound volumes from Lakeland, Florida — which is the market Orlando falls beneath — are seeing a comparatively repressed quantity of progress, rising only one.7% since Friday.

The higher choice can be to deadhead to the Jacksonville, Florida, market. Jacksonville has seen a 9.1% enhance in outbound quantity within the final week and remains to be trending upward, presenting a greater likelihood to e-book a load out of Florida.

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