How Tender Rejections Predict Your Next Rate
From Yahoo Finance: 2025-05-28 09:23:00
Thousands of loads move before hitting load boards due to contracts. Small carriers focus on load boards, missing upstream changes. Tender rejections signal rate changes. Tracking OTRI in SONAR crucial for predicting spot rates. OTRI under 5% means soft rates, 5-10% signals tightening, over 10% indicates a heating spot market.
OTRI soared during COVID peak, with rejections over 25%. As market cooled in 2022, rejections fell. May 2025, rejections at 6.69%, hinting at tightening. Brokers and carriers use OTRI to adjust rates. Understanding rejection trends key to maximizing profits and leveraging market changes for carriers.
OTRI crucial for carriers. Rising rejections mean capacity tightening, rates likely to climb. By tracking OTRI in key markets, carriers can position strategically. Brokers adjust rates based on rejection data. OTRI not a silver bullet but indicates where leverage is shifting—helping carriers make informed decisions.
Tender rejections signal rate changes early. Waiting until load boards reflect changes puts carriers behind. Tracking OTRI helps carriers anticipate market shifts. Carriers who use rejection data strategically run their truck like a business—leveraging market changes for maximum profit.
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