Outbound tender volumes on the rebound

The Outbound Tender Volume Index (OTVI) has recovered from the holiday disruption and now sits at 14,344. Tender volumes are now on par with the last weeks leading up to Christmas, and the index is back in an uptrend. Since the OTVI does encompass some rejected contract tenders, it’s important to adjust the index to account for this. On a rejection-adjusted basis, outbound tender volumes are up ~20% year-over-year. It is unlikely that there will be any meaningful correction back toward...

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