On Nov. 5, the U.S. House of Representatives passed the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) by a 228-206 vote after passage by the Senate on Aug. 10. In a report published by Georgetown University, trucking jobs are estimated to account for 20% of the infrastructure plan, with around 15 million infrastructure jobs created or saved over 10 years.
The American Trucking Associations, in a prepared...
Chart of the Week: Outbound Tender Lead Time – USA SONAR: OTLT.USA
Shipper lead times (the time between request date and pickup date) have increased 5.25% versus last summer as tender rejection rates (the rate at which carriers reject load requests) have averaged 5 percentage points higher — 22% versus 17%. This is counterintuitive, but the real question is what would the rejection rate be if lead times remained the same?
Tender lead time (OTLT) is the time between a shipper’s request for a...
https://www.freightwaves.com/news/are-increasing-lead-times-improving-carrier-compliance