Reefer capacity begins to tighten; could van follow?
The freight market is still reeling from the economic mess created by the COVID-19 pandemic, but reefer tender rejection rates have been on the rise since bottoming in late April around 3.8%—now sitting around 5.56%. Dry van rejection rates have yet to make a meaningful movement since bottoming around 2.6% in mid to late April. Could the increase in reefer tender rejection rates indicate the market is about to shift?
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