By now, most industry observers and analysts agree that the U.S. truckload market has slowed significantly, part of a broader goods normalization and hangover in our COVID-recovery. Multiple spot rate benchmarks have been falling for months; capacity metrics have loosened. Accepted contract loads (CLAV.USA) peaked in October 2021 and just took a sharper turn downward.
National outbound tender rejections (OTRI.USA), which measure the percentage of truckload shipments tendered by shippers that...
https://www.freightwaves.com/news/truckload-market-loosens-again-as-tender-rejections-touch-new-low