Tender rejection rates have hit highest level in 6 months

Freight market conditions are improving. 

Let's start with the FreightWaves SONAR Outbound Tender Rejection Index (OTRI). This measures the percentage of truckloads that are turned down by trucking firms in the market. It's an anonymized measurement of midsize to large truckload carriers' willingness to accept the loads that are offered. OTRI is the best way to measure supply and demand.

Tender rejections are at 4%, which is the highest level in six months. 

SONAR: Outbound Tender Rejection Index. To learn more about FreightWaves SONAR, click here.