Reported 5 months ago
The recent State of Freight webinar in May discussed the slight but significant increase in the Outbound Tender Rejection Index (OTRI) in FreightWaves SONAR, indicating a potential positive shift in the freight market. Although not yet considered an inflection point, the OTRI rise to 4.82% from 3.08% was highlighted, suggesting an increasing sensitivity in the market. The discussion also focused on the implications for shippers as market dynamics change and the impact of the recent International Roadcheck Week on capacity and pricing. Additionally, the webinar emphasized the significance of capacity indices like OTRI over pricing as a market benchmark, and highlighted the steady demand for shipping capacity despite the challenge of excess capacity for carriers.
Source: YAHOO