Changes in truck freight volume reflected by the Outbound Tender Volume Index (OTVI) in major U.S. manufacturing cities:
Atlanta: Truck freight volume down 12% YoY
Dallas: Truck freight volume down 13% YoY
Houston: Truck freight volume down 3% YoY
Cleveland: Truck freight volume down 35% YoY
Chicago: Truck freight volume down 19% YoY
*Data sourced from SONAR, a U.S. high-frequency freight market intelligence platform.*
With freight volumes shrinking across the board, how can dumpling prices not rise?
Los Angeles has even seen its weakest truck freight volume since 2020 (seasonally adjusted). If I recall correctly, the Port of L.A. is one of the busiest in the U.S., where imported goods are distributed nationwide via domestic transport. So if domestic freight operations there slow significantly, it could signal a broader slowdown across the country.