Slipping truckload demand obfuscates capacity exits
Carriers have been rejecting more tenders the past few months, but the change would have been much greater if not for lackluster volume. (Chart: SONAR)
SONAR’s primary measure of volume, the national Outbound Tender Volume Index (OTVI), which measures total shipper requests to carriers, is down 2%, year over year. Weather and the timing of holidays make clean comparisons difficult this early in the year, but volume softness appears to be...
https://www.freightwaves.com/news/seasonal-norms-blunt-recent-improvements-in-freight-markets