Chart of the Week: Outbound Tender Reject Index, Outbound Tender Volume Index – Laredo SONAR: OTRI.LRD, OTVI.LRD
Shipper requests for truckload capacity are being rejected at the highest rates since the pandemic era in Laredo, Texas — the largest U.S. border crossing market.
The Outbound Tender Reject Index (OTRI) measures the percentage of truckload capacity requests that carriers decline. Since rejecting loads is generally undesirable for carriers, rising rejection rates indicate a tightening...