Chart of the Week: Flatbed Outbound Tender Reject Index – USA SONAR: FOTRI.USA, VOTRI.USA, ROTRI.USA
Tender rejection rates for flatbed loads (FOTRI) spiked to 40% in March, its highest level since early 2022. Van (VOTRI) and refrigerated (ROTRI) rejections also saw increases. While some of this can be attributed to seasonal patterns, the timing suggests that tariff-related uncertainty and concerns about rising costs are playing a key role in supporting this surge in demand.
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https://www.freightwaves.com/news/flatbed-market-benefits-from-tariff-uncertainty