The Outbound Tender Volume Index (OTVI) climbed another 3.3% this week to a new all-time high of 15,830. OTVI has posted a string of consecutive all-time highs for many weeks now. It is important to note that our outbound tender volume index does include rejected contract load tenders, so the true organic growth of load volumes is significantly lower than the indexed reading. However, this does not mean the index is not directionally accurate or not indicative of the overall strength in the...
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