Freight Waves – Operational Excellence Society https://opexsociety.org Tue, 07 Nov 2023 20:14:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://opexsociety.org/wp-content/uploads/2015/11/cropped-Opex-Favicon-512x512-32x32.png Freight Waves – Operational Excellence Society https://opexsociety.org 32 32 A freight market turnaround in 2024? https://opexsociety.org/body-of-knowledge/a-freight-market-turnaround-in-2024/ Sat, 04 Nov 2023 15:45:10 +0000 https://opexsociety.org/?p=31024 This post A freight market turnaround in 2024? appeared first on Operational Excellence Society.

Tender rejection data in the FreightWaves SONAR data platform shows that the freight market bottomed on May 14. Since then, conditions for carriers have slowly been improving. SONAR’s outbound tender rejection index (OTRI) tracks the balance of supply and demand in trucking by measuring the percentage of truckload freight that is rejected. In trucking, supply...

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