Tender rejection rates have surged to 8.36%, marking the highest point since June 2022 and a massive one-week surge of 190 basis points. This is the sharpest increase in a single week since 2021, according to SONAR’s Outbound Tender Reject Index (OTRI.USA).
Santa is bringing presents this year
The current uptick in tender rejections stands in stark contrast to the muted holiday seasons of the past two years. While a seasonal increase is typically expected as we approach the Christmas holiday,...
https://www.freightwaves.com/news/tender-rejections-soar-to-8-36-highest-level-since-june-2022