Outbound tender volumes are benefiting greatly from the reopening of the economy and a release of pent-up consumer demand. Supply dynamics are taking longer to adjust and capacity remains loose. While rates are coming off a depressed base, spot rates have surged to $1.47 per mile and have increased in the vast majority of lanes. Consumer spending data is improving, now only running down 10% year-over-year compared to the -40% trough.
On a weekly basis, volumes fell 8%, ending the multiweek...
https://s29755.pcdn.co/news/volumes-fall-week-over-week-but-now-up-10-year-over-year