Last week our market analyst Zach Strickland wrote a piece called “Los Angeles freight market gets a wake up call off inflow from China” that correlated spiking outbound turndowns from the LA market with the surge in port activity in Los Angeles and Long Beach that occurs every May. Now we’re seeing data in SONAR suggesting that freight is working its way through the nation’s transportation network, and right on schedule, Dallas is heating up.
The ‘container freight working its way through the network’ thesis is supported by SONAR’s Trucks in Market heat map. Capacity has left southern California and is moving through a southern corridor across Texas and into the Southeast: San Diego is at 90% of its average trucks in market, while Ontario and Los Angeles have dropped to 91% and 92%, respectively. Meanwhile, Dallas is being crowded by 106% of its average trucks in market, Laredo is experiencing 110%, Houston is at 107%, Shreveport is bustling with 109% of its average trucks in market, and Texarkana is absolutely overflowing with 111% of its average trucks in market.