Freight Market Health: What 13.57% Rejections Mean
The freight market is stabilizing, with tender rejections at 13.57%. But don’t let this “healthy” period fool you; volatility is on the horizon. Learn what FreightWaves’ experts say about current market conditions, upcoming Q4 surges, and how this impacts shippers and carriers. Get ready for a dynamic end to the year. Truckload tender rejections have […] The post Freight Market Health: What…
The freight market is showing signs of stabilization, with tender rejections hitting 13.57% according to SONAR data. FreightWaves experts Craig Fuller and Julie Van de Kamp discuss the implications of this "healthy" period for shippers, brokers, and carriers, as well as the upcoming challenges of the fourth quarter. Fuller explains that a rejection rate of 8% used to feel tight, but now 13% feels like a more reasonable level for a tight market.
The current 13.57% rejection rate represents a significant improvement from around 6% in January, and may indicate a market floor for this cycle. Factors such as a later Labor Day, back-to-school freight surges, and an anticipated earlier holiday peak season could push rejection rates higher as the year progresses. Despite the stabilization, market experts anticipate volatility returning later in the year.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
