How do tender reject rates predict the freight economy?
Tender rejections occur when a contracted carrier rejects an electronic load request from a shipper customer. FreightWaves SONAR measures the former via the outbound tender reject index (OTRI). Carriers really only have two reasons for rejecting a contracted load. One, they do not have available capacity to service the request. Or, two, there are more […]
Why historical spot rates alone are not the best predictor of future spot rates
History tends to repeat itself, or does it? A common thought in the trucking industry is that looking at historical spot rates are good indicators of what to expect each year. It is true to an extent that historical trends do well to predict certain aspects of future spot rates, such as seasonal movement, but […]
Why do trucking spot rates change daily?
Trucking spot rates are the matching of real-time demand with real-time capacity on a daily basis.
