Spot Rates Fall, Van Rejection Declines

This is a news story, published by Yahoo Finance, that relates primarily to SONAR news.

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Van Outbound Tender Rejection Index

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Dry van tender rejection rates

FreightWaves

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Freight market green shoots fade heading into October

Summary

Nutrition label

80% Informative

Spot rates excluding the total estimated cost of fuel (NTIL) have fallen 3% since the start of August .

Dry van tender rejection rates (VOTRI), which measure the percentage of loads that carriers are unable to cover for their customers, are averaging about 30 basis points lower.

A flood of new entrants during the pandemic era is largely to blame.

After that, the Chart of the Week will be archived on FreightWaves.com for future reference. SONAR aggregates data from hundreds of sources, presenting the data in charts and maps and providing commentary on what freight market experts want to know about the industry in real time. The FreightWaves data science and product teams are releasing new datasets each week and enhancing the client experience. To request a SONAR demo, click here. The post Freight market green shoots fade heading into October appeared first on FreightWaves ..

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Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful