Freight demand plummets at fastest pace since December 2020
Chart of the Week: Outbound Tender Reject Index, Outbound Tender Volume Index – USA SONAR: OTRI.USA, OTVI.USA
National truckload tender volumes have fallen nearly 9.5% since March 3 while rejection rates have accelerated their decline to hit their lowest point since June 2020. FreightWaves CEO Craig Fuller wrote about how this is the start of another “bloody” cycle for truckload carriers but not everything will be the same as it was in...
https://www.freightwaves.com/news/is-truckload-capacity-finally-normalizing