Volumes fall week-over-week but now up 10% year-over-year

Outbound tender volumes are benefiting greatly from the reopening of the economy and a release of pent-up consumer demand. Supply dynamics are taking longer to adjust and capacity remains loose. While rates are coming off a depressed base, spot rates have surged to $1.47 per mile and have increased in the vast majority of lanes. Consumer spending data is improving, now only running down 10% year-over-year compared to the -40% trough.

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