diff --git a/packages/next/build/babel/loader/index.ts b/packages/next/build/babel/loader/index.ts
index 6fea5706fa355ae..5c3615b61241422 100644
--- a/packages/next/build/babel/loader/index.ts
+++ b/packages/next/build/babel/loader/index.ts
@@ -40,7 +40,7 @@ const nextBabelLoaderOuter = function nextBabelLoaderOuter(
 ) {
   const callback = this.async()
 
-  const loaderSpan = trace('next-babel-turbo-loader', this.currentTraceSpan?.id)
+  const loaderSpan = this.currentTraceSpan.traceChild('next-babel-turbo-loader')
   loaderSpan
     .traceAsyncFn(() =>
       nextBabelLoader.call(this, loaderSpan, inputSource, inputSourceMap)
diff --git a/packages/next/build/babel/loader/types.d.ts b/packages/next/build/babel/loader/types.d.ts
index 200a4780f3bca27..895ea04077ff56b 100644
--- a/packages/next/build/babel/loader/types.d.ts
+++ b/packages/next/build/babel/loader/types.d.ts
@@ -2,7 +2,7 @@ import { loader } from 'next/dist/compiled/webpack/webpack'
 import { Span } from '../../../telemetry/trace'
 
 export interface NextJsLoaderContext extends loader.LoaderContext {
-  currentTraceSpan?: Span
+  currentTraceSpan: Span
 }
 
 export interface NextBabelLoaderOptions {
diff --git a/packages/next/build/index.ts b/packages/next/build/index.ts
index cf26b1dfcd9fe02..679f34323ce84df 100644
--- a/packages/next/build/index.ts
+++ b/packages/next/build/index.ts
@@ -130,11 +130,13 @@ export default async function build(
     const config: NextConfigComplete = await nextBuildSpan
       .traceChild('load-next-config')
       .traceAsyncFn(() => loadConfig(PHASE_PRODUCTION_BUILD, dir, conf))
+    const distDir = path.join(dir, config.distDir)
+    setGlobal('distDir', distDir)
+
     const { target } = config
     const buildId: string = await nextBuildSpan
       .traceChild('generate-buildid')
       .traceAsyncFn(() => generateBuildId(config.generateBuildId, nanoid))
-    const distDir = path.join(dir, config.distDir)
 
     const customRoutes: CustomRoutes = await nextBuildSpan
       .traceChild('load-custom-routes')
diff --git a/packages/next/build/webpack-config.ts b/packages/next/build/webpack-config.ts
index 950ce3f59faef24..766d0776c33f95f 100644
--- a/packages/next/build/webpack-config.ts
+++ b/packages/next/build/webpack-config.ts
@@ -240,7 +240,7 @@ export default async function getBaseWebpackConfig(
     entrypoints: WebpackEntrypoints
     rewrites: CustomRoutes['rewrites']
     isDevFallback?: boolean
-    runWebpackSpan?: Span
+    runWebpackSpan: Span
   }
 ): Promise<webpack.Configuration> {
   const hasRewrites =
diff --git a/packages/next/build/webpack/loaders/next-serverless-loader/index.ts b/packages/next/build/webpack/loaders/next-serverless-loader/index.ts
index d64ece16177d60e..054def2f9feb97f 100644
--- a/packages/next/build/webpack/loaders/next-serverless-loader/index.ts
+++ b/packages/next/build/webpack/loaders/next-serverless-loader/index.ts
@@ -11,7 +11,6 @@ import {
   ROUTES_MANIFEST,
   REACT_LOADABLE_MANIFEST,
 } from '../../../../shared/lib/constants'
-import { trace } from '../../../../telemetry/trace'
 
 export type ServerlessLoaderQuery = {
   page: string
@@ -34,63 +33,61 @@ export type ServerlessLoaderQuery = {
 }
 
 const nextServerlessLoader: webpack.loader.Loader = function () {
-  const loaderSpan = trace('next-serverless-loader')
-  return loaderSpan.traceFn(() => {
-    const {
-      distDir,
-      absolutePagePath,
-      page,
-      buildId,
-      canonicalBase,
-      assetPrefix,
-      absoluteAppPath,
-      absoluteDocumentPath,
-      absoluteErrorPath,
-      absolute404Path,
-      generateEtags,
-      poweredByHeader,
-      basePath,
-      runtimeConfig,
-      previewProps,
-      loadedEnvFiles,
-      i18n,
-    }: ServerlessLoaderQuery =
-      typeof this.query === 'string' ? parse(this.query.substr(1)) : this.query
-
-    const buildManifest = join(distDir, BUILD_MANIFEST).replace(/\\/g, '/')
-    const reactLoadableManifest = join(
-      distDir,
-      REACT_LOADABLE_MANIFEST
-    ).replace(/\\/g, '/')
-    const routesManifest = join(distDir, ROUTES_MANIFEST).replace(/\\/g, '/')
-
-    const escapedBuildId = escapeRegexp(buildId)
-    const pageIsDynamicRoute = isDynamicRoute(page)
-
-    const encodedPreviewProps = devalue(
-      JSON.parse(previewProps) as __ApiPreviewProps
-    )
-
-    const envLoading = `
+  const {
+    distDir,
+    absolutePagePath,
+    page,
+    buildId,
+    canonicalBase,
+    assetPrefix,
+    absoluteAppPath,
+    absoluteDocumentPath,
+    absoluteErrorPath,
+    absolute404Path,
+    generateEtags,
+    poweredByHeader,
+    basePath,
+    runtimeConfig,
+    previewProps,
+    loadedEnvFiles,
+    i18n,
+  }: ServerlessLoaderQuery =
+    typeof this.query === 'string' ? parse(this.query.substr(1)) : this.query
+
+  const buildManifest = join(distDir, BUILD_MANIFEST).replace(/\\/g, '/')
+  const reactLoadableManifest = join(distDir, REACT_LOADABLE_MANIFEST).replace(
+    /\\/g,
+    '/'
+  )
+  const routesManifest = join(distDir, ROUTES_MANIFEST).replace(/\\/g, '/')
+
+  const escapedBuildId = escapeRegexp(buildId)
+  const pageIsDynamicRoute = isDynamicRoute(page)
+
+  const encodedPreviewProps = devalue(
+    JSON.parse(previewProps) as __ApiPreviewProps
+  )
+
+  const envLoading = `
       const { processEnv } = require('@next/env')
       processEnv(${Buffer.from(loadedEnvFiles, 'base64').toString()})
     `
 
-    const runtimeConfigImports = runtimeConfig
-      ? `
+  const runtimeConfigImports = runtimeConfig
+    ? `
         const { setConfig } = require('next/config')
       `
-      : ''
+    : ''
 
-    const runtimeConfigSetter = runtimeConfig
-      ? `
+  const runtimeConfigSetter = runtimeConfig
+    ? `
         const runtimeConfig = ${runtimeConfig}
         setConfig(runtimeConfig)
       `
-      : 'const runtimeConfig = {}'
+    : 'const runtimeConfig = {}'
 
-    if (page.match(API_ROUTE)) {
-      return `
+  if (page.match(API_ROUTE)) {
+    return `
         ${envLoading}
         ${runtimeConfigImports}
         ${
@@ -125,8 +122,8 @@ const nextServerlessLoader: webpack.loader.Loader = function () {
         })
         export default apiHandler
       `
-    } else {
-      return `
+  } else {
+    return `
       import 'next/dist/server/node-polyfill-fetch'
       import routesManifest from '${routesManifest}'
       import buildManifest from '${buildManifest}'
@@ -206,8 +203,7 @@ const nextServerlessLoader: webpack.loader.Loader = function () {
       })
       export { renderReqToHTML, render }
     `
-    }
-  })
+  }
 }
 
 export default nextServerlessLoader
diff --git a/packages/next/build/webpack/loaders/next-swc-loader.js b/packages/next/build/webpack/loaders/next-swc-loader.js
index cd0cb1162062be0..51958b03e55585f 100644
--- a/packages/next/build/webpack/loaders/next-swc-loader.js
+++ b/packages/next/build/webpack/loaders/next-swc-loader.js
@@ -123,7 +123,7 @@ async function loaderTransform(parentTrace, source, inputSourceMap) {
 }
 
 export default function swcLoader(inputSource, inputSourceMap) {
-  const loaderSpan = trace('next-swc-loader', this.currentTraceSpan?.id)
+  const loaderSpan = this.currentTraceSpan.traceChild('next-swc-loader')
   const callback = this.async()
   loaderSpan
     .traceAsyncFn(() =>
diff --git a/packages/next/build/webpack/plugins/build-stats-plugin.ts b/packages/next/build/webpack/plugins/build-stats-plugin.ts
index 3f88e6433595f6d..3b39bab799b1d60 100644
--- a/packages/next/build/webpack/plugins/build-stats-plugin.ts
+++ b/packages/next/build/webpack/plugins/build-stats-plugin.ts
@@ -118,7 +118,7 @@ export default class BuildStatsPlugin {
       async (stats, callback) => {
         const compilerSpan = spans.get(compiler)
         try {
-          const writeStatsSpan = trace('NextJsBuildStats', compilerSpan?.id)
+          const writeStatsSpan = compilerSpan!.traceChild('NextJsBuildStats')
           await writeStatsSpan.traceAsyncFn(() => {
             return new Promise((resolve, reject) => {
               const statsJson = reduceSize(
diff --git a/packages/next/build/webpack/plugins/css-minimizer-plugin.ts b/packages/next/build/webpack/plugins/css-minimizer-plugin.ts
index 77d40c8c3430cb2..df676ad1cd95cb3 100644
--- a/packages/next/build/webpack/plugins/css-minimizer-plugin.ts
+++ b/packages/next/build/webpack/plugins/css-minimizer-plugin.ts
@@ -71,9 +71,8 @@ export class CssMinimizerPlugin {
           },
           async (assets: any) => {
             const compilerSpan = spans.get(compiler)
-            const cssMinimizerSpan = trace(
-              'css-minimizer-plugin',
-              compilerSpan?.id
+            const cssMinimizerSpan = compilerSpan!.traceChild(
+              'css-minimizer-plugin'
             )
             cssMinimizerSpan.setAttribute('webpackVersion', 5)
 
@@ -83,7 +82,7 @@ export class CssMinimizerPlugin {
                 files
                   .filter((file) => CSS_REGEX.test(file))
                   .map(async (file) => {
-                    const assetSpan = trace('minify-css', cssMinimizerSpan.id)
+                    const assetSpan = cssMinimizerSpan.traceChild('minify-css')
                     assetSpan.setAttribute('file', file)
 
                     return assetSpan.traceAsyncFn(async () => {
diff --git a/packages/next/build/webpack/plugins/profiling-plugin.ts b/packages/next/build/webpack/plugins/profiling-plugin.ts
index e8c131da0329daa..6379277f85232f3 100644
--- a/packages/next/build/webpack/plugins/profiling-plugin.ts
+++ b/packages/next/build/webpack/plugins/profiling-plugin.ts
@@ -15,9 +15,9 @@ function getNormalModuleLoaderHook(compilation: any) {
 
 export class ProfilingPlugin {
   compiler: any
-  runWebpackSpan: Span | undefined
+  runWebpackSpan: Span
 
-  constructor({ runWebpackSpan }: { runWebpackSpan: Span | undefined }) {
+  constructor({ runWebpackSpan }: { runWebpackSpan: Span }) {
     this.runWebpackSpan = runWebpackSpan
   }
   apply(compiler: any) {
@@ -35,14 +35,17 @@ export class ProfilingPlugin {
       attrs,
       onSetSpan,
     }: {
-      parentSpan?: () => Span | undefined
+      parentSpan?: () => Span
       attrs?: any
       onSetSpan?: (span: Span) => void
     } = {}
   ) {
     let span: Span | undefined
     startHook.tap(pluginName, () => {
-      span = trace(spanName, parentSpan?.()?.id, attrs ? attrs() : attrs)
+      span = parentSpan
+        ? parentSpan().traceChild(spanName, attrs ? attrs() : attrs)
+        : trace(spanName, undefined, attrs ? attrs() : attrs)
+
       onSetSpan?.(span)
     })
     stopHook.tap(pluginName, () => {
@@ -103,10 +106,16 @@ export class ProfilingPlugin {
 
         const issuerModule = compilation?.moduleGraph?.getIssuer(module)
 
-        const span = trace(
-          `build-module${moduleType ? `-${moduleType}` : ''}`,
-          issuerModule ? spans.get(issuerModule)?.id : compilerSpan.id
-        )
+        let span: Span
+
+        const spanName = `build-module${moduleType ? `-${moduleType}` : ''}`
+        const issuerSpan: Span | undefined =
+          issuerModule && spans.get(issuerModule)
+        if (issuerSpan) {
+          span = issuerSpan.traceChild(spanName)
+        } else {
+          span = compilerSpan.traceChild(spanName)
+        }
         span.setAttribute('name', module.userRequest)
         spans.set(module, span)
       })
diff --git a/packages/next/server/dev/hot-reloader.ts b/packages/next/server/dev/hot-reloader.ts
index 81fcdefd70eec38..277e6b958d9e5bc 100644
--- a/packages/next/server/dev/hot-reloader.ts
+++ b/packages/next/server/dev/hot-reloader.ts
@@ -27,6 +27,7 @@ import { difference } from '../../build/utils'
 import { NextConfigComplete } from '../config-shared'
 import { CustomRoutes } from '../../lib/load-custom-routes'
 import { DecodeError } from '../../shared/lib/utils'
+import { Span, trace } from '../../telemetry/trace'
 
 export async function renderScriptError(
   res: ServerResponse,
@@ -143,6 +144,7 @@ export default class HotReloader {
   private watcher: any
   private rewrites: CustomRoutes['rewrites']
   private fallbackWatcher: any
+  private hotReloaderSpan: Span
   public isWebpack5: any
 
   constructor(
@@ -174,6 +176,7 @@ export default class HotReloader {
     this.previewProps = previewProps
     this.rewrites = rewrites
     this.isWebpack5 = isWebpack5
+    this.hotReloaderSpan = trace('hot-reloader')
   }
 
   public async run(
@@ -283,6 +286,7 @@ export default class HotReloader {
         pagesDir: this.pagesDir,
         rewrites: this.rewrites,
         entrypoints: entrypoints.client,
+        runWebpackSpan: this.hotReloaderSpan,
       }),
       getBaseWebpackConfig(this.dir, {
         dev: true,
@@ -292,6 +296,7 @@ export default class HotReloader {
         pagesDir: this.pagesDir,
         rewrites: this.rewrites,
         entrypoints: entrypoints.server,
+        runWebpackSpan: this.hotReloaderSpan,
       }),
     ])
   }
@@ -300,6 +305,7 @@ export default class HotReloader {
     if (this.fallbackWatcher) return
 
     const fallbackConfig = await getBaseWebpackConfig(this.dir, {
+      runWebpackSpan: this.hotReloaderSpan,
       dev: true,
       isServer: false,
       config: this.config,
diff --git a/packages/next/telemetry/trace/report/index.ts b/packages/next/telemetry/trace/report/index.ts
index 2f77f93b7fcdd9e..d817802d45356fc 100644
--- a/packages/next/telemetry/trace/report/index.ts
+++ b/packages/next/telemetry/trace/report/index.ts
@@ -3,6 +3,7 @@ import reportToConsole from './to-console'
 import reportToZipkin from './to-zipkin'
 import reportToJaeger from './to-jaeger'
 import reportToTelemetry from './to-telemetry'
+import reportToJson from './to-json'
 
 type Reporter = {
   flushAll: () => Promise<void> | void
@@ -16,6 +17,31 @@ type Reporter = {
   ) => void
 }
 
+class MultiReporter implements Reporter {
+  private reporters: Reporter[] = []
+
+  constructor(reporters: Reporter[]) {
+    this.reporters = reporters
+  }
+
+  async flushAll() {
+    await Promise.all(this.reporters.map((reporter) => reporter.flushAll()))
+  }
+
+  report(
+    spanName: string,
+    duration: number,
+    timestamp: number,
+    id: SpanId,
+    parentId?: SpanId,
+    attrs?: Object
+  ) {
+    this.reporters.forEach((reporter) =>
+      reporter.report(spanName, duration, timestamp, id, parentId, attrs)
+    )
+  }
+}
+
 const target =
   process.env.TRACE_TARGET && process.env.TRACE_TARGET in TARGET
     ? TARGET[process.env.TRACE_TARGET as TARGET]
@@ -27,14 +53,17 @@ if (process.env.TRACE_TARGET && !target) {
   )
 }
 
-export let reporter: Reporter
+let traceTargetReporter: Reporter
 
 if (target === TARGET.CONSOLE) {
-  reporter = reportToConsole
+  traceTargetReporter = reportToConsole
 } else if (target === TARGET.ZIPKIN) {
-  reporter = reportToZipkin
+  traceTargetReporter = reportToZipkin
 } else if (target === TARGET.JAEGER) {
-  reporter = reportToJaeger
+  traceTargetReporter = reportToJaeger
 } else {
-  reporter = reportToTelemetry
+  traceTargetReporter = reportToTelemetry
 }
+
+// JSON is always reported to allow for diagnostics
+export const reporter = new MultiReporter([reportToJson, traceTargetReporter])
diff --git a/packages/next/telemetry/trace/report/to-jaeger.ts b/packages/next/telemetry/trace/report/to-jaeger.ts
index 809c80b13cd1423..9ce257e616fb9a9 100644
--- a/packages/next/telemetry/trace/report/to-jaeger.ts
+++ b/packages/next/telemetry/trace/report/to-jaeger.ts
@@ -5,7 +5,7 @@ import * as Log from '../../../build/output/log'
 // Jaeger uses Zipkin's reporting
 import { batcher } from './to-zipkin'
 
-let traceId = process.env.TRACE_ID
+let traceId: string
 let batch: ReturnType<typeof batcher> | undefined
 
 const localEndpoint = {
@@ -33,7 +33,7 @@ const reportToLocalHost = (
   attrs?: Object
 ) => {
   if (!traceId) {
-    traceId = process.env.TRACE_ID = randomBytes(8).toString('hex')
+    traceId = process.env.TRACE_ID || randomBytes(8).toString('hex')
     logWebUrl()
   }
 
diff --git a/packages/next/telemetry/trace/report/to-json.ts b/packages/next/telemetry/trace/report/to-json.ts
new file mode 100644
index 000000000000000..473576681192cbd
--- /dev/null
+++ b/packages/next/telemetry/trace/report/to-json.ts
@@ -0,0 +1,71 @@
+import { randomBytes } from 'crypto'
+import { batcher } from './to-zipkin'
+import { traceGlobals } from '../shared'
+import fs from 'fs'
+import path from 'path'
+
+let writeStream: fs.WriteStream
+let traceId: string
+let batch: ReturnType<typeof batcher> | undefined
+
+const reportToLocalHost = (
+  name: string,
+  duration: number,
+  timestamp: number,
+  id: string,
+  parentId?: string,
+  attrs?: Object
+) => {
+  const distDir = traceGlobals.get('distDir')
+  if (!distDir) {
+    return
+  }
+
+  if (!traceId) {
+    traceId = process.env.TRACE_ID || randomBytes(8).toString('hex')
+  }
+
+  if (!batch) {
+    batch = batcher(async (events) => {
+      if (!writeStream) {
+        const tracesDir = path.join(distDir, 'traces')
+        await fs.promises.mkdir(tracesDir, { recursive: true })
+        const file = path.join(distDir, 'trace')
+        writeStream = fs.createWriteStream(file, {
+          flags: 'a',
+          encoding: 'utf8',
+        })
+      }
+      const eventsJson = JSON.stringify(events)
+      try {
+        await new Promise<void>((resolve, reject) => {
+          writeStream.write(eventsJson + '\n', 'utf8', (err) => {
+            err ? reject(err) : resolve()
+          })
+        })
+      } catch (err) {
+        console.log(err)
+      }
+    })
+  }
+
+  batch.report({
+    traceId,
+    parentId,
+    name,
+    id,
+    timestamp,
+    duration,
+    tags: attrs,
+  })
+}
+
+export default {
+  flushAll: () =>
+    batch
+      ? batch.flushAll().then(() => {
+          writeStream.end('', 'utf8')
+        })
+      : undefined,
+  report: reportToLocalHost,
+}
diff --git a/packages/next/telemetry/trace/report/to-zipkin.ts b/packages/next/telemetry/trace/report/to-zipkin.ts
index b34edec3eb6f3be..1fb0f5edec14a7f 100644
--- a/packages/next/telemetry/trace/report/to-zipkin.ts
+++ b/packages/next/telemetry/trace/report/to-zipkin.ts
@@ -3,7 +3,7 @@ import { randomBytes } from 'crypto'
 import fetch from 'node-fetch'
 import * as Log from '../../../build/output/log'
 
-let traceId = process.env.TRACE_ID
+let traceId: string
 let batch: ReturnType<typeof batcher> | undefined
 
 const localEndpoint = {
@@ -21,7 +21,7 @@ type Event = {
   id: string
   timestamp: number
   duration: number
-  localEndpoint: typeof localEndpoint
+  localEndpoint?: typeof localEndpoint
   tags?: Object
 }
 
@@ -42,8 +42,9 @@ export function batcher(reportEvents: (evts: Event[]) => Promise<void>) {
       events.push(event)
 
       if (events.length > 100) {
-        const report = reportEvents(events.slice())
+        const evts = events.slice()
         events.length = 0
+        const report = reportEvents(evts)
         queue.add(report)
         report.then(() => queue.delete(report))
       }
@@ -60,7 +61,7 @@ const reportToLocalHost = (
   attrs?: Object
 ) => {
   if (!traceId) {
-    traceId = process.env.TRACE_ID = randomBytes(8).toString('hex')
+    traceId = process.env.TRACE_ID || randomBytes(8).toString('hex')
     Log.info(
       `Zipkin trace will be available on ${zipkinUrl}/zipkin/traces/${traceId}`
     )
diff --git a/scripts/send-trace-to-jaeger.mjs b/scripts/send-trace-to-jaeger.mjs
new file mode 100644
index 000000000000000..577b8c3e5c358a6
--- /dev/null
+++ b/scripts/send-trace-to-jaeger.mjs
@@ -0,0 +1,65 @@
+import fs from 'fs'
+import eventStream from 'event-stream'
+import retry from 'async-retry'
+import fetch from 'node-fetch'
+
+const file = fs.createReadStream(process.argv[2])
+
+const localEndpoint = {
+  serviceName: 'nextjs',
+  ipv4: '127.0.0.1',
+  port: 9411,
+}
+
+// Jaeger supports Zipkin's reporting API
+const zipkinUrl = `http://${localEndpoint.ipv4}:${localEndpoint.port}`
+const jaegerWebUiUrl = `http://${localEndpoint.ipv4}:16686`
+const zipkinAPI = `${zipkinUrl}/api/v2/spans`
+
+let loggedUrl = false
+
+function logWebUrl(traceId) {
+  console.log(
+    `Jaeger trace will be available on ${jaegerWebUiUrl}/trace/${traceId}`
+  )
+}
+file.pipe(eventStream.split()).pipe(
+  eventStream.map((data, cb) => {
+    if (data === '') {
+      return cb(null, '')
+    }
+
+    const eventsJson = JSON.parse(data).map((item) => {
+      item.localEndpoint = localEndpoint
+      return item
+    })
+    if (!loggedUrl) {
+      logWebUrl(eventsJson[0].traceId)
+      loggedUrl = true
+    }
+    retry(
+      () =>
+        // Send events to zipkin
+        fetch(zipkinAPI, {
+          method: 'POST',
+          headers: { 'Content-Type': 'application/json' },
+          body: JSON.stringify(eventsJson),
+        }),
+      { minTimeout: 500, retries: 3, factor: 1 }
+    )
+      .then(async (res) => {
+        if (res.status !== 202) {
+          console.log({
+            status: res.status,
+            body: await res.text(),
+            events: eventsJson,
+          })
+        }
+        cb(null, '')
+      })
+      .catch((err) => {
+        console.log(err)
+        cb(null, '')
+      })
+  })
+)