Reported 1 day ago
Recent trends indicate that demand for short-haul truckloads under 100 miles has increased, while long-haul volumes have decreased due to shifts towards intermodal transport amid rising inventory costs. This segment of freight, particularly influenced by automotive and retail activities, acts as a vital gauge of economic health. Significant changes in the City Outbound Tender Volume Index (COTVI) can signal fluctuations in consumer demand and potential economic challenges, especially if fulfillment-related demand declines.
Source: YAHOO