Outbound tender rejections fell this week due to the Thanksgiving holiday and so it is best not to read too much into current trends. Declining volumes are typical this time of year due to driver preferences aimed at seeking out freight that gets them home. Prior to the holiday drop-off, spot rates, tender volumes and rejections were all affirming the continued strength of the market and we expect a rebound moving forward.
The truckload market has been driven by the consumer in 2020. And while...