Why this matters to buyers
A potential market bottom could signal a future increase in freight rates. The current supply-led cycle suggests capacity is still relatively available.
Recommended buyer actions
- Consider locking in current freight rates for upcoming shipments if possible.
- Monitor market indicators for signs of a sustained rate increase.
Original source context
Tender rejections are still running near 13.5% — and that could mean the freight market has found a short-term bottom ahead of Labor Day. In this SONAR update, we break down what stalled rejection declines mean for capacity, why this still looks like a supply-led cycle, how intermodal pulled pressure off truckload this summer, and […] The post Tender Rejections at 13.5%: Is Freight Bottoming? appeared first on FreightWaves.
Read the original report · FreightWaves