Outbound tender volumes and rejections return to all-time highs

Both truckload tenders and tender rejections rose this week. If spot rates continue to exhibit their recent lagging relationship with tender rejections, spot rates could inflate over the next few weeks. Also, with Thanksgiving just a week away, drivers will be seeking freight that drives them toward home, which could push rejections and spot rates higher. 

The truckload market has been driven by the consumer in 2020. And while we still expect a strong holiday truckload and parcel market due to a...

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