Henry Byers
89 posts
Henry Byers
@FreightByers
VP of Growth & Commercial Strategy | Freight Market Data & Analysis 📈
Katılım Nisan 2023
52 Takip Edilen123 Takipçiler
@FreightByers @thefreightnerd I think a lot of the SONAR haters (a majority of the top 20 pricing folks, ya boy) would be fired up if we found out the data’s always been legit. But none of us have ever received straightforward answers to straightforward data contribution questions
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@lostisreed Can Convoy clear the air about if they’ve ever had a load stolen off the platform before?
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it's crazy to me that none of the linkedin freight bros have anything to say about this!
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@FreightAlley Met with a infrastructure-related client yesterday and they said they are expecting 3x volume this year based on their growth from the last couple of quarters.
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I received a lot of hate back in November when we first reported the surge in freight transactions, it is clear those signals were accurate and a few months earlier than other datasets.
And guess what: it gets even better over the next few months. Y’all will see. x.com/RapidResponse4…
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CH Robinson moves their spot rate forecast to +17% YoY.
This is a substantial forecast increase from their March update, which had spot rates +12% YoY.
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@FreightAlley Anyone who is living this knows the flatbed market is on fire
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DAT bullish, except for flatbeds, with SONAR signaling flatbed as white hot and the strongest mode at unprecedented strength.
Flatbed rates up to $4.05/mile and flatbed rejections at 48%.
DAT Freight & Analytics@datfreightteam
The freight market is sending strong signals, just not all in the same direction. 📈📉 Dry van load posts hit a 10-year high last week, running 40% above last year and double the 10-year average. The ISM PMI (Institute for Supply Management’s Purchasing Manager’s Index) reached its best reading since August 2022, with the ATA Tonnage Index at a three-year high. Demand is real. But flatbed volumes are already pulling back ahead of the typical May peak, and manufacturer confidence is cooling fast. When record volumes and softening confidence show up in the same week, which signal are you building your Q2 strategy around?
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@FreightByers Many people are saying...
Thus far, we're trending almost identically to 2021 with room to run so I wouldn't want recency bias to cause us to cave in to hyperbole.
If housing were to heat up, I do think we'd be in all-time territory.
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When adjusted for fuel, dry van and reefer spot rates have been bopping around in a pattern that looks like a shakily drawn W so far this year.
Not the case with flatbeds. Spot linehaul rates have been on a run since late January and have now surpassed 2021 levels .
Flatbed is the most difficult market to generalize, but the majority of the strength is coming from infrastructure, data center, and more recently energy.
What I think is most remarkable is how strong this rally has been given the weakness residential housing.
If you're in to bullmaxxing, flatbed is the way.
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Last month, the US shipped more chemicals via rail than any other time in history. With a week to go, March will break that number...
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@FreightAlley Capacity getting sucked out of places with no consistent outbound freight. Desirability of inbound ME loads has collapsed.
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What the heck is going on with Maine?
71% of all truckloads originating out of Maine are being turned down.
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I haven't seen freight charts this bullish since COVID.
Excited that Bloomberg is seeing the same signals in company transcripts and fundamental manufacturing and economic data
Bloomberg Chief U.S. Economist 👇
Anna Wong@AnnaEconomist
We also have been flagging this. The diffusion index signals are corroborated by a very strong signal from the latest earning transcripts. Tariffs probably played a role (shhh…), as well as defense and data centers. Other places showing manufacturing recovery…manufacturing productivity, output production, and even payrolls have bottomed.
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How the freight market feels after a brutal 2nd half of 2025.
GIF
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Citi studied the impact of surging oil prices on domestic freight demand and concluded that they could stimulate more freight rather than hurt.
The reason: the outsized proportion of the US goods economy tied to oil exploration/refining and petrochemical manufacturing.
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Routing guides getting wrecked. It’s just starting.
The “it’s just the weather” crowd is going to have a hard time to explaining to their bosses why trucks aren’t showing up this spring and budgets are getting obliterated.
Stephen Ruhe@StephenRuhe
@FreightAlley Ive seen people pulling out of ropes because shippers are pushing for 3rd and 4th rounds to pull contracted rates down more. Routing guides are going to be a problem this year.
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New day, new cycle high.
National trucking spot rates up to $2.89/mile. +$.11/mile in the past week.
Spiking demand + tightening capacity will keep new entrants from ruining the party.
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@SupplySignalAI @FreightAlley Where does your transloading figure come from?
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That $2.89 is not just a domestic story. With Hormuz disruptions pushing shippers off ocean routes, we're seeing modal substitution accelerate. Transloading volume up 18% at west coast ports as cargo diverts from Suez to landbridge. The trucking market is absorbing spillover from container chaos.
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Outbound tender rejection rates surge.
New cycle high of 14.58%
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@thefreightnerd Man, that’s that Florida water right there brother
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@FreightByers There's something in the water in Chattanooga apparently.
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Honestly the most bizarre thing about this is that T-Mobile still has brick and mortar stores.
Alex Lockie@alexjlockie
I got the police affidavit after @realcarrier411 got arrested in Chattanooga last week. Check this out overdriveonline.com/15818772
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@FreightAlley I look at the data everyday and can’t find a bearish chart. Bullish data points as far as the eye can see. Only thing left is to see how post-Chinese New Year import volumes look coming out of the trough.
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SONAR has been signaling a manufacturing renaissance since November.
Despite a lot of pushback I’ve received over past couple of months, it’s all in the high frequency freight data.
Industrial demand is popping.
Tracey Ryniec@TraceyRyniec
JB Hunt hit an all-time high today. You read that right. A trucking company. Earnings expected to rise 16.8% this year and another 22.7% next year. Manufacturing renaissance this year? $JBHT
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