The Outbound Tender Volume Index has normalized after its holiday disruption and now sits at 15,266. OTVI has taken a typical seasonal path downward, falling nearly 11% since Thanksgiving. This is a more pronounced decline than in the previous two years, but volumes are at such an extraordinary level, this is not concerning in our view.
There is a strong pipeline of West Coast imports that should lead to large freight flows in those markets well into Q1 of next year, though retail loads will be...
https://s29755.pcdn.co/news/outbound-tender-volumes-cool-this-week-but-remain-at-very-high-level