Reported 2 days ago
Tender rejection rates have surged to 8.36%, marking the highest level since June 2022, with a notable one-week increase of 190 basis points. This significant rise contrasts sharply with previous years' muted holiday seasons. Various major freight markets across the U.S. are experiencing this uptick, signalling the potential end of the Great Freight Recession. As the freight market rebounds, it's crucial for logistics professionals to reassess strategies to adapt to tightening capacity.
Source: YAHOO