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Market review for October 17:


Outbound demand in Houston is rising after falling earlier this month to a five-month low.

The volume of trucks leaving the Houston market was flat in early October and fell to its lowest level since May on Oct. 6. Outbound volume then started to pick up on Wednesday, and that trend will continue this week.

The weekend tender volume index rose more than 25 points, or 8%, over the weekend to 344.5. This increase can likely be attributed to the increase in imports to the Port of Houston that occurred during the first week of October. The seven-day moving average of US customs import shipments increased by 30% in the first week of the month, which is likely what the ground transportation market is seeing right now.

Inbound capacity also increased over the weekend, with the Inbound Tender Volume Index jumping 26 points on Sunday.

The capacity decreased and the volume was flat. The number of rejections reached more than 5% last week as carriers looked for better opportunities in the spot market. But now that volume is picking up again, power is coming back into their contracts. Houston’s index of rejected tenders fell 125 basis points to 3.7% in the past week.


Greenville, South Carolina

Volumes from Greenville, South Carolina are starting this week on a plateau after recovering from last week’s 17.5% drop.

Outbound demand in Greenville may start this week 14.5% higher than it was on October 10, but the directional volume trend this week remains unclear as it is currently largely unchanged.

On the other hand, receipts have been steadily declining since the beginning of the month. The incoming tender volume index for Greenville is down 12.5 points, or 12.1%, since Oct. 2 and still points to a downward trajectory.

An increase in outbound volume as inbound cargo levels eased pushed Greenville’s Headhaul Index up 27.5 points to 39.2, its highest since March.

A significant drop in incoming capacity has led to lower failure rates as less available capacity enters the market to cope with increased outgoing demand. The index of rejected tenders for Greenville has decreased by 152 baht in the last eight days and was 5.5%.


Spokane, Washington

Now that fall is in full swing, summer foods like melons, cantaloupes, and grapes are either disappearing or being held over for the winter, while foods like pumpkins, apples, and quinces are in season.

Walk-in coolers in Spokane, WA drop at the beginning of each month as these various products become scarcer – and this month is no different. Refrigerated demand in Spokane fell 61% in late September and the first week of October, but since Oct. 4, the Refrigerated Trade Volume Index has risen 147% to match its highest reading in three months.

The input capacity of refrigerators remains constant due to the increase in output demand. After a slight drop, the Reefer Inbound Tender Volume Index remains flat from October 4. However, capacity is handling the increase in outgoing deliveries this month. The rejection rate for outbound coolers reached 13% when volumes started to pick up, but has hovered around 7% over the past five days.


NTI as a point of reference

The National Truckload Index is a daily look at how spot rates in specific lanes are holding up compared to the national average, giving carriers and brokers an idea of ​​which lanes to move to or avoid.

NTI daily

Lane to watch: Houston – Dallas

As the Port of Houston began to see record import volumes in August and September, spot market rates from Houston to Dallas began to decline.

Spot market rates on that lane have fallen 39 cents since Aug. 1 and are currently $2.99 ​​per mile, 19 cents above the national average. Carriers can make decent money for a small mileage, which makes them the fourth largest market in terms of outbound tender market share. The return rate back to Houston is currently $2.68 per mile.

Market dashboard

Watch: carrier update