Chart of the Week: Outbound Tender Rejection Rate, Van Contract Rate Per Mile Initial Report – USA SONAR: OTRI.USA, VCRPM1.USA
The national Outbound Tender Rejection Index (OTRI), which measures carrier compliance for contracted moves, fell below 20% for the first time since July 31, 2020, this past week. This is somewhat unexpected considering trucking demand remains at all-time highs. Are contract increases gaining traction?
It has been hard to isolate the impact of contract rate increases on...
https://www.freightwaves.com/news/trucking-contract-rates-finally-gain-traction-in-october