Reported about 8 hours ago
Recent data shows that the Outbound Tender Volume Index (OTVI), which tracks truckload demand, has reached a record low for October, indicating a significant drop in freight demand. Despite this decrease, rejection rates for loads remain high, suggesting that truck capacity is exiting the market at a faster rate than demand is falling, creating a potential imbalance in the trucking industry. Factors such as increased intermodal freight usage and regulatory pressures may be contributing to these shifts, affecting long-haul transport dynamics.
Source: YAHOO