Reported about 19 hours ago
In the lead-up to Labor Day, the national Outbound Tender Volume Index (OTVI) for truckload demand saw a significant increase of 6.5%, marking a notable surge compared to previous years. This rise is attributed to the market recovering from a low in August and suggests that shippers might be facing leaner inventory levels than planned. Despite challenges from intermodal competition, the demand for long-haul trucking has risen unexpectedly early this year, prompting potential shifts in capacity and rates. While this increase does not signal a complete market recovery, it highlights the precarious nature of supply and demand dynamics as we approach the peak season.
Source: YAHOO