Spot market activity often reveals the well-being of the freight industry as a whole — a fact reiterated throughout 2020 as shortages in airfreight capacity, containers and semiconductors forced shippers to buy capacity and rely more heavily on the spot market. Capacity shortages coupled with fast fluctuations in demand put the entire global supply chain under pressure.
There’s a positive correlation between the rate at which carriers reject load requests from shippers (tender rejection rates)...