The Outbound Tender Volume Index (OTVI) fell 1.7% this week to 13,817. We must adjust for the level of rejected tenders accounted for in OTVI to get a clearer look at year-over-year comparisons. On a rejection-adjusted basis, volumes are up 18% y/y, a slight deceleration from last week’s 21% growth rate.
Freight volumes have been trending sideways since the first week of January, bouncing between 13,600 and 14,200. This is typical for the month of January, when freight flows lull in the early...
https://www.freightwaves.com/news/outbound-tender-volumes-turn-back-down