Chart of the Week: Outbound Tender Volume Index – USA SONAR: OTVI.USA
After underperforming 2020 over Thanksgiving, the Outbound Tender Volume Index (OTVI) that measures the amount of electronic requests for truckload capacity shippers send to carriers has been averaging over 10% higher than the previous year since Dec. 22. This trend is a sign that shippers still have plenty of freight to move heading into the new year.
The OTVI is an index with a base value of 10,000 based on the tender...
https://www.freightwaves.com/news/holiday-truckload-demand-stronger-than-in-2020