Reported about 10 hours ago
The FreightWaves Supply Chain Pricing Power Index shows a slight recovery in carriers' pricing power, rising to 40 as holiday volumes drop. Key indicators reveal a national decrease in freight demand, with the Outbound Tender Volume Index down 5.4% week-over-week. Despite a slowdown expected after the holidays, tender rejection rates have surged to the highest level in over two years, signaling tighter market conditions. The recent upward trend in spot rates suggests that carriers may gain more leverage in negotiating rates moving forward into 2025.
Source: YAHOO