In some ways, the setup for carriers couldn’t be much more favorable. Despite tender volumes having declined nearly 10% since the start of the month, the current backdrop remains extremely strong. It seems freight markets are taking a breather after pushing to a YTD high to end the first quarter.
SONAR: OTVI.USA (Blue); ROTVI.USA (Orange)
I wouldn’t get used to it. The Reefer Outbound Tender Volume Index (ROTVI) has steadily fallen since its all-time high in early March, when winter weather sent...
https://s29755.pcdn.co/news/another-slow-week-for-tender-volumes