Chart of the Week: Outbound Tender Reject Index – USA SONAR: OTRI.USA
The national Outbound Tender Reject Index topped out at its highest level in nearly two years just before the Fourth of July, a smidge above 6.5%. The more interesting pattern might be the fact that the OTRI has been perfectly mirroring the 2019 pattern since mid-May. Is the 2019 market a good blueprint for the rest of 2024?
What’s similarThe 2019 freight market was extraordinarily loose and characterized by deflating rates and...
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