The freight market continued to cool this week ahead of what we expect to be a strong holiday season. The Outbound Tender Volume Index (OTVI) has been oscillating at a very high level since Labor Day; this week it rose 3% from last week.
While freight market variables have eased since Oct. 1 (volumes, rejections and spot rates are all down but only slightly), each has come down from near-historic highs. As the Passport team noted in its most recent trucking markets report, “We believe this...
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