Data and historical trends suggest limited volatility in transportation markets until mid to late October. The outlook for demand remains stable to slightly down until the holiday season approaches. That said, some last-minute inventory replenishment is possible, as many shippers are maintaining leaner buffer stocks—but such instances should be isolated until November. By November, the likelihood of localized rate spikes and capacity shortfalls increases as intermodal service loses some utility for transcontinental moves. Blank sailings and Golden Week disruptions are expected to keep maritime rates steady as import demand softens. There is little expectation for increased activity on the water, as most holiday freight has already arrived. The next major checkpoint for this market will be January, when new budgets take effect.

Full Report Here: SONAR Monthly Market Update_ September 2025