A slight rebound to start the fourth quarter

Oct 16, 2024 at 02:54 PM CST
The International Longshoremen’s Association strike was shorter than many anticipated, lasting just three days, when some of the largest retailers were expecting the terminal closures to last at least a week. Now, even though the strike was shorter than many expected, volume levels across domestic modes were lower to start October. The Outbound Tender Volume Index (OTVI), a measure of national freight demand that tracks shippers’ requests for trucking capacity, is down 0.43% week over week, the third consecutive weekly decline. The OTVI turned negative year over year to start the month but has since turned positive again. At present, the OTVI is 3.63% higher year over year.

Oct 16, 2024 at 02:54 PM CST

The International Longshoremen’s Association strike was shorter than many anticipated, lasting just three days, when some of the largest retailers were expecting the terminal closures to last at least a week. Now, even though the strike was shorter than many expected, volume levels across domestic modes were lower to start October.

The Outbound Tender Volume Index (OTVI), a measure of national freight demand that tracks shippers’ requests for trucking capacity, is down 0.43% week over week, the third consecutive weekly decline. The OTVI turned negative year over year to start the month but has since turned positive again. At present, the OTVI is 3.63% higher year over year.