The Outbound Tender Rejection Index accelerated last month (December 2019), it was sitting at 11.32% and poised to go higher.
OTRI has nearly doubled in the past months and now sits comfortably above its 60-day moving average by 70%.
Freight Hub Group confirms they have been running at full capacity and have more freight than they can handle.
OTRI could cross over into positive yearly comparable space in the coming weeks. The index was cut in half from November 2018 to the end of January 2019.
The same is likely this year as the market stabilizes after the peak end of the year season.
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