Reported about 18 hours ago
Truckload tender rejection rates in the U.S. have showcased significant regional disparities, with the Southeast averaging rejection rates near 10% and the West Coast at about 3.5%. This widening gap indicates a lack of stability in the truckload market, exacerbated by a reduction in overall market capacity post-pandemic and diverging contract rates between regions, particularly between Los Angeles and Chicago versus Atlanta and Chicago. The current environment suggests fragile conditions for freight despite a relatively soft market.
Source: YAHOO