Overview: Capacity should loosen after outbound volumes drop 2.7% w/w. With carriers rejecting 16.6% of tendered van loads in the lane, have your routing guide in order as you look to keep loads out of the spot market to avoid all-in spot rates that exceed $5/mile.
Shippers: Other shippers moving van loads to Phoenix have average tender lead times of 2.7 days, which indicates that shippers are concerned with securing inbound Phoenix capacity. If you’re willing to head to the desert, seek out spot rates that are at least in line with the range of spot rates shown in Market Dashboard ($5.17/mile and $5.64/mile for rates in the 33rd and 67th percentile, respectively). For carriers, accepting a highly-rated load is key as compensation for heading to a deeply backhaul market. Keep your bids for capacity in the low $5/mile range, including fuel, and look to pay a dry van spot rate near $5.17/mile, including fuel, which would represent a buy rate in the 33rd percentile.Ĭarriers: Dry van spot rates have shown steady appreciation in the past month. The current Phoenix Van Headhaul Index is -90, which shows that Phoenix is even more of a backhaul market than it was during the first three quarters of the year when the Phoenix Van Headhaul Index ranged from -50 to -90.īrokers: Raise your rates in light of SONAR Market Dashboard data that shows average spot rates that brokers are paying for capacity in the lane hitting a new high at the start of December.
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