Freight volumes could go higher in August

Chart of the Week:  Outbound Tender Volume Index, Customs Import Shipments, Purchasing Managers Index – USA SONAR: OTVI.USA, CSTM.USA, ISM.PMI

The Outbound Tender Volume Index (OTVI) continued to expand last week, indicating shippers are requesting more capacity than ever. The index shows volume 30% higher than the previous year. With numerous carriers reporting much stronger-than-expected earnings, there is a noted level of cautious optimism about the rest of the third quarter. There are signs...

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