Truckload rate increases have done little to improve carrier reliability

Chart of the Week: Outbound Tender Rejection Index, Van Contract initial reporting average base rate per mile – USA  SONAR: OTRI.USA, VCRPM1.USA

The national Outbound Tender Rejection Index (OTRI) that measures the percentage of electronic requests for truckload capacity from shippers that carriers rejected pushed back over 22% over the Christmas holiday period, despite the fact that contract rates have increased approximately 17% over last year. Simply put, these rejections cost a lot more than...

https://www.freightwaves.com/news/truckload-rate-increases-have-done-little-to-improve-carrier-reliability

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