Supply driven trucking market cycle explained in the data
Tender volumes have gone nowhere for two years. Rejections have tripled. The data says this cycle has been defined by capacity leaving the market — not by surging freight demand. The post Supply driven trucking market cycle explained in the data appeared first on FreightWaves .
The Accepted Truckload Volume Index (ASTVI) and the SONAR Truckload Rejection Index (STRI) provide insights into the current state of the trucking market. The ASTVI, which tracks the number of truckload tenders carriers accept, averaged around 9,800 last week. While the STRI, measuring the percentage of rejected loads, hovered at 13.5%, both indicators are down from their 12-month peaks.
This suggests that the current truckload market cycle is more supply-driven than previous cycles and still holds significant room for growth. When rejection rates are high, the ASTVI may undercount total demand, as loads are more likely to be covered on the spot market or outside existing contracts. The data indicates that there is still room for the market to tighten, especially if demand grows, rail disruptions occur, intermodal rates rise, or the government pressures carriers to reduce capacity.
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