Load volumes continue to soar, rising 4% week-over-week. The Outbound Tender Volume Index (OTVI) currently sits at 13,417. This freight level is remarkable for a few reasons. First, there are no signs of any sort of typical seasonality this year; secondly, other parts of the economy have stalled and unemployment remains extremely high; lastly, OTVI has crossed into uncharted territory by climbing higher than the March panic-buying spree.
The yearly comparisons are stunning — up 31% over 2019...
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