Chart of the Week: Wait Time Index, Outbound Tender Rejection Index – USA SONAR: WAIT.USA, OTRI.USA
Shippers are struggling with a volatile freight market for the second time in three short years as carriers are rejecting load tenders at rates not seen since the middle of 2018, the mythical anomaly of a year. One of the side effects has been that carrier wait times have fallen in a near-perfect inverse proportion to national tender rejections. The question remains: How much of this relationship...
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