Refrigerated Market Flatlines in the Spring
The refrigerated (reefer) truckload market has settled after showing signs of destabilizing in front of the broader market last fall.
The Reefer Outbound Tender Reject Index (ROTRI) has averaged below 5% since the start of March after spending much of Q4 2023 and January above 8%. The Reefer Truckload Index (RTI) that measures aggregated spot rates for reefer loads has moved similarly, indicating the market has returned to a looser state.
Rejection rates measure the rate at which carriers are turning down load requests from their shipper accounts...
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