Chart of the Week: Outbound Tender Rejection Index – USA, ACT Research Dry Van Trailer Orders, Class 8 Vehicle Orders SONAR: OTRI.USA, ORDERS.VAN, ORDERS.CL8
Tender rejection rates continue to hover around all-time highs as carriers struggle to cover the recent freight boom, driving rates and revenues higher. The last time this occurred carriers rushed to purchase record amounts of equipment in 2018. But this time around, trailers are the equipment of choice over tractors.
This past Monday...
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