SONAR sightings for March 24: Elizabeth to Chicago, shipper update, more – FreightWaves

The highlights from Thursday’s SONAR reports are below. For more information on SONAR — the fastest freight-forecasting platform in the industry — or to request a demo, click here. Also, be sure to check out the latest SONAR update, TRAC — the freshest spot rate data in the industry.Lane to watch: Savannah to Atlanta, GeorgiaOverview: Savannah’s capacity is becoming increasingly unstable.Highlights:Spot rates have increased 14 cents per mile in this lane since March 10, moving to an average of 3.93/mile, assuming a trip of around 250 miles. Savannah’s outbound tender rejection rate has become increasingly volatile since the start of the month, moving between 10% and 15%. Atlanta’s outbound rejection rate has been trending slightly lower since January, but has hovered around 13% in March. What does this mean for you?Brokers:  Pad margins in this lane when you are uncertain. Expect an unstable outbound capacity environment in Savannah. You should double-check all loads with more than three-day lead times.  Carriers: Expect slightly better reload potential on the spot market in this lane this week, but very inconsistent conditions may persist throughout the month in Savannah. Atlanta is a relatively consistent market at this point with no significant changes. Shippers: Stay on top of this lane, keeping lead times around three days…
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