Chart of the Week: National Truckload Index (Linehaul Only), Van Outbound Tender Rejection Index – USA SONAR: NTIL.USA, VOTRI.USA
Spot rates excluding the total estimated cost of fuel (NTIL) have fallen 3% since the start of August. Dry van tender rejection rates (VOTRI), which measure the percentage of loads that carriers are unable to cover for their customers, are averaging about 30 basis points lower. In other words, the market that appeared to be showing signs of tightening in the summer...
https://www.freightwaves.com/news/freight-market-green-shoots-fade-heading-into-october