Chart of the Week: Outbound Tender Reject Index, Outbound Tender Volume Index – USA SONAR: OTVI.USA, OTRI.USA
Requests for truckload capacity (OTVI) are down roughly 16% from their peak levels in September of last year. However, carriers are rejecting these requests at a higher rate — national rejection rates reached 5.7% last week, compared to 4.3% in early September. This suggests that the balance between supply (capacity) and demand is the closest it has been to equilibrium in the truckload...
https://www.freightwaves.com/news/resilient-rejection-rates-illustrate-truckload-capacitys-decline