SONAR Pricing Power Index Slips to 70 as Intermodal Contract Rates Fall
The SONAR Pricing Power Index fell to 70 this week as intermodal contract rates and ocean bookings softened. Truckload rejections held near 13.9%. The post SONAR Pricing Power Index Slips to 70 as Intermodal Contract Rates Fall appeared first on FreightWaves .
The SONAR Pricing Power Index (PPI) dropped to 70 in the week of October 12, 2026, continuing a four-week downward trend, but freight carriers still maintain an advantage in rate negotiations. Softer intermodal contract rates and declining ocean import bookings contributed to the decline, while truckload tender rejections remained stable at around 13.9%. On the PPI's 0-100 scale, 50 signifies a balanced market, and a score of 70 indicates pricing power remains on carriers' side heading into the fourth quarter.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
