Reefer capacity tapped out prior to vaccine release

Chart of the Week:  Reefer Outbound Tender Rejection Index, Van Outbound Tender Rejection Index – USA SONAR: ROTRI.USA, VOTRI.USA

The national reefer — industry slang for temperature-controlled trailers — rejection index (ROTRI) topped 48% for the first time since the index’s creation this week, which could move even higher once the vaccine for COVID-19 begins being distributed in the coming months. This means that shippers that utilize temperature-controlled equipment should be prepared to...

Reefer capacity begins to tighten; could van follow?

Chart of the Week: Reefer Outbound Tender Rejection Rate, Van Outbound Tender Rejection Rate – USA SONAR: ROTRI.USA, VOTRI.USA

The freight market is still reeling from the economic mess created by the COVID-19 pandemic, but reefer tender rejection rates have been on the rise since bottoming in late April around 3.8%—now sitting around 5.56%. Dry van rejection rates have yet to make a meaningful movement since bottoming around 2.6% in mid to late April. Could the increase in reefer tender...

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.