Rejection rates react to tariffs
Tender rejection rates have remained above levels of the past two years and have also been more sensitive to events, suggesting the freight market is closer to a period of widespread tightness. The bounce in tender rejection rates in March was largely driven by flatbed in response to tariffs. (Chart: SONAR)
Clearly, we are in a period of unusually high economic and freight demand uncertainty, and the stock market pullback the past two weeks could put a damper on...
https://www.freightwaves.com/news/is-a-freight-market-turn-coming-in-may