Freight is moving shorter distances, compounding the effects of waning demand
Chart of the Week: Long haul Tender Volume Index, Tweener haul Tender Volume Index, Short haul Tender Volume Index, City haul Tender Volume Index – USA SONAR: LOTVI.USA, TOTVI.USA, SOTVI.USA, COTVI.USA
Long-haul trucking demand has eroded at a faster rate than loads moving less than a half a day’s travel, compounding the easing process in the market. Since March 1, the long-haul outbound tender volume index (LOTVI) —...
https://www.freightwaves.com/news/trade-war-era-pattern-reemerging-in-trucking
