It looks like tender rejections are climbing finally, at least for the van and flatbed. Volumes however are falling. Today we will look at contract vs spot rates, volumes vs rejections, freight market maps and finally, diesel prices.
Volumes (OTVI): This shows us real data of how many tenders are offered by shippers to carriers- how much freight there is in the market. Because offerings happen in advance, we can see what the future volumes will look like.
Rejection Rates (OTRI): How many contract carriers refuse from loads? This is real time data of loads that were rejected by carriers- the more rejections, the higher the rates, and the more loads end up on the loadboard.
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