Chart of the Week: Outbound Tender Volume Index, National Truckload Index linehaul only – USA SONAR: OTVI.USA, NTIL.USA
Outbound tender volumes (OTVI) surged over 7.1% from May 26 to June 3, marking one of the strongest demand surges to start the summer shipping season since 2019. The spike in tender volume appears to have helped sustain spot rates excluding estimated fuel costs (NTIL) at relatively elevated levels beyond the Memorial Day holiday period.
The Outbound Tender Volume index...
https://www.freightwaves.com/news/summer-shipping-demand-lifts-truckload-market