SONAR releases new tender data, SONAR Truckload Volume Index (STVI) and SONAR Truckload Rejection Index (STRI)

2 weeks ago 10

New SONAR Truckload Tender Dataset

SONAR IS releasing an updated and much broad mentation of its Truckload Tender dataset. These metrics measurement truckload demand, capacity, and pb times utilizing physics requests from shippers seeking capableness from their providers.

This caller dataset:

Is astir doubly the size of our archetypal 2019 tender data
Includes a much divers shipper premix with stronger practice from refrigerated freight and Food & Beverage/CPG sectors
Provides improved determination sum and density crossed the U.S. and into prime Canadian markets
Continues with the aforesaid ngo arsenic OTVI, OTRI, OTLT, and OTMS, present with deeper marketplace insight

Indices statesman April 1, 2019 and usage a nationalist basal scale of 10,000 for volumes. Available astatine National, Regional, State, and Market levels.

New indices present available:

SONAR Truckload Volume Index (STVI)

SONAR Truckload Volume Index – Van (STVIV)
SONAR Truckload Volume Index – Reefer (STVIR)
SONAR Truckload Rejection Index (STRI)

SONAR Truckload Rejection Index – Van(STRIV)
SONAR Truckload Rejection Index – Reefer (STRIR)
SONAR Truckload Rejection Index – Flatbed (STRIF)

SONAR Tender Market Share (STMS)
SONAR Tender Lead Time (STLT)

SONAR Tender Lead Time – Van (STLTV)
SONAR Tender Lead Time – Reefer (STLTR)
SONAR Tender Lead Time – Flatbed (STLTF)

Despite a mini-pickup successful tender measurement successful the past week, wide freight request levels proceed to disappoint. In anterior reports, I person focused connected the Outbound Tender Volume Index (OTVI), arsenic a broad measurement of freight demand. In the past week, SONAR began publishing the SONAR Truckload Volume Index (STVI), which is besides a measurement of tender measurement and includes some accepted and rejected tenders.

STVI is simply a dataset that is much heavy weighted toward user packaged goods, food, and shorter-haul traffic, which are comparatively unchangeable sectors of freight request erstwhile compared to automotive and industrial. Therefore, the STVI whitethorn beryllium a amended practice of freight request experienced by ample truckload carriers that person the vantage of being much selective with the freight they take to haul.

Both OTVI and STVI are utile indicators of wide freight demand, and directionally, they amusement the aforesaid happening – that freight request is meaningfully little twelvemonth implicit year. The main quality is magnitude. OTVI and STVI are down 11% twelvemonth implicit twelvemonth and 3% twelvemonth implicit year, respectively.