Freight volume has been weak this month
Tender volume, which counts how often shippers request that carriers pick up loads, has shown weakness this month. (Chart: SONAR)
The Outbound Tender Volume Index (OTVI – above) is the SONAR chart that stands out the most to me this week. It measures the volume of requests from shippers to move loads. It moved 3.8% lower in the past two weeks and is 6.9% below the year-ago level. That 3.8% two-week decline breaks down to a 3.1% decline for the dry van...
https://www.freightwaves.com/news/are-low-february-freight-volumes-more-than-seasonality