The U.S. truckload market ratcheted tighter into the beginning of this week, with closing spreads between contract and spot rates and multiple major trucking markets rejecting more than 7% of outbound shipments. However, there’s still no clear ‘melt-up’ or cascade toward meaningfully higher rates compared to conditions during the holiday retail peak season.
(The Outbound Tender Reject Index measures the percentage of electronically tendered truckload shipments rejected by carriers and serves as...
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