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This article explains the significance of tender rejections in the freight market, illustrating how they affect shipment rates. A tender rejection occurs when a freight carrier declines a shipment offer, indicating potential changes in market dynamics. By monitoring the Outbound Tender Rejection Index (OTRI), carriers can anticipate tighter capacity and better negotiate rates, making informed decisions before the freight hits load boards. Understanding these trends is crucial for maximizing earnings in a fluctuating market.
Source: YAHOO