Reported 18 days ago
The refrigerated (reefer) truckload market is entering a challenging phase, as national tender rejection rates have climbed above 14%, up from around 8% in 2023. This uptick indicates a tightening market and reflects increased demand surpassing available supply. Despite higher rejection rates, the spot market hasn't seen significant price increases, with shippers still relying on existing carrier networks rather than turning to spot sourcing. The upcoming winter's weather conditions will likely further influence the demand for reefer capacity.
Source: YAHOO