Storm s whipsaw effect tilts power in carriers favor — how long can it last? freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.
We believe the winter storms tip the scales in carriers’ favor ever so slightly. Freight markets were already imbalanced with seemingly insatiable demand overwhelming already strained carriers, and it's only February.
Snowstorms Can t Cool This Sizzling Freight Market benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Tender rejections: Absolute levels positive for carriers, momentum positive for shippers
The holiday break is over and done, and drivers have reentered the market. This is evidenced by declining rejection rates on flat volume. Tender rejections are following a seasonal pattern downward after the holidays, albeit at a much higher level. Currently, the Outbound Tender Reject Index sits at 23.39%, its lowest level since mid-August just before the last leg up in volumes. OTRI has fallen steadily since the Christmas holiday when it peaked at 28.5%. We had suspected OTRI may push through previous all-time highs and possibly reach 30%, but it never quite made it.