Reefer and dry van markets diverging
(Chart: SONAR)
Showing signs of capacity tightening, the reefer tender rejection rate has risen to 14% while the dry van market remains muted at 5%. Spiking reefer tender rejection rates outbound from Florida were a major part of that. While reefer rejections have been rising for months, hurricane relief efforts appear to have had more impact on the reefer market than on the dry van market, suggesting that supply and demand in the reefer segment is much more...
https://www.freightwaves.com/news/reefer-tender-rejection-rates-surge-following-hurricanes