Our exclusive market freight indices provide uses with a wealth of knowledge and insight. The infographic will guide you through the data sets and freight indices that are right for your needs. You can view the full infographic here or scroll to the bottom to see all our top freight indices in one image view.
Outbound Tender Volume Index (OTVI) measures the truckload volumes for 135 freight markets in the U.S. based on the daily volumes of electronically tendered m loam..s. SONAR’s tender volumes represent tender volumes of all trailer types on any given day and are organized by outbound volumes for the US and regional market granularity. The OTVI, along with the Outbound Tender Reject Index (below) are some of the most used freight indices in all of SONAR.
Outbound Tender Reject Index (OTRI) measures how tight or loose capacity is by the rate at which carriers reject tendered offers. The higher the reject rate, the tighter capacity is, and vice versa. The tender rejection indices are measures of carriers’ willingness to accept the loads tendered to them by shippers under contract terms. These numbers are expressed as a percentage of loads rejected to total loads tendered.
The Headhaul Index (HAUL) shows the difference between inbound and outbound freight volumes to help understand capacity fluctuations in a market over time. HAUL measures how strong a head haul market is by subtracting the inbound tender load volumes from the outbound tender load volumes. The higher the rating, the more of a head haul (potentially undersupplied) market it is.
Outbound Tender Market Share (OTMS) measures the size of each of the 135 freight markets in the U.S. based on its share of tendered load volumes compared to the national market. OTMS is a relative index that measures the number of loads in individual markets in relation to total load volume for the day in the United States.
Lane Signals analyzes all of these measurements into a single dashboard so you can quickly measure all of these freight indices at once. Lane Signal is a lane-by-lane freight rate forecasting app showing past, present, and future rates, pricing power scores, and a visual comparison of markets that impact your business.
