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Outbound tender volumes stay strong

This week, the Outbound Tender Volume Index (OTVI) climbed another 3.5% to a new all-time high of 14,276. OTVI has posted a string of consecutive new all-time highs for many weeks now. On a year-over-year basis, outbound tender volumes are up 39% and 42% above 2018 levels.

Please note that when we refer to volumes within the context of this weekly article, we mean “outbound tender volumes” which includes both accepted loads and rejected loads. In times of high tender rejections, this can...

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