Freight volumes bounce back with a strong week

Outbound tender volumes (OTVI.USA) rose by 3.76% year-over-year this week, closing back in on the year-to-date high of 6.78% from a month ago. The prior three weeks had seen year-over-year volumes fall back down to the 1% range, so this is good news. This continues their upward trajectory and extends their multi-week winning streak dating back to late July, when OTVI first crossed over to positive on July 24. It has been positive on a year-over-year basis since.

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