Chart of the Week: Outbound Tender Rejection Index, Contract Load Accepted Volume – USA SONAR: OTRI.USA, CLAV.USA
Truckload volumes for contract freight jumped 3% in the week leading up to Labor Day while load rejections remained near annual lows below 6%. As a consequence, truckload spot market rates barely moved, increasing a marginal 2.3% in the week leading up to the holiday. Rates increased over 6% in 2021 off a much higher base value. This is the latest signal that the trucking market...
https://www.freightwaves.com/news/truckers-work-through-labor-day-as-market-continues-to-soften