Tender volumes slipped by 2.7% overall this week on a national basis but from a very elevated base. If one looks at the weekly Outbound Tender Volume Index (OTVI) map below, one might think freight markets have reversed course and are retreating significantly. Here’s the OTVI weekly change for select major markets:
Ontario, California: -6%
Atlanta: -4.5%
Indianapolis: -7.5%
Harrisburg, Pennsylvania: -5%
Houston: -3.5%
Stockton, California -8%