The truckload dry-van market is demonstrating a strong response to the current peak season, with spot rates and other key indicators reaching levels not seen in almost two years. According to the SONAR National Truckload Index (NTI), spot rates surged from $2.38 per mile to $2.52, a figure last observed in January 2023. Key Market Indicators SONAR data shows that outbound tender rejection rates have risen significantly, increasing by 63 basis points week-over-week. As of December 5, rejection rates reached 5.87%, their highest point since July 8, 2023. This upward trend suggests a tightening in truckload capacity, despite a noticeable decline in dry van outbound tender volumes compared to last year. Tender volumes in the dry-van segment are down 7.32% year-over-year, with the volume index (VOTVI) at 7,926.19 points, compared to 8,551.79 points during the same period in 2022. This decline highlights a reduction in demand, yet market… ...[TheTopNews] Read More.
4 days ago
