Since July 2020, the Outbound Tender Rejection Index has sat above the 20% mark, meaning nearly one in five loads that shippers tendered were rejected by carriers for higher-paying loads in the spot market. While many shippers wait desperately for rates to return to normal, analysts suggest that the market is not expected to normalize anytime soon.
The data within this white paper sheds light on shippers’ current pricing and benchmarking strategies, which exposes the need for shippers to...