The national Outbound Tender Volume Index hit an all-time low in October, despite rejection rates being higher than last year. Freight brokers and load boards have improved connectivity with available freight, but carrier networks still operate out of balance. Long-haul demand has fallen, and recent ICE crackdowns may be tightening conditions.

In Los Angeles, outbound freight exceeds inbound, leading to higher rates for headhauls and lower rates for backhauls. Lakeland, Florida, is a well-known backhaul market with twice as much outbound freight as inbound. Long-haul demand has decreased, shifting towards rail, causing disruptions in regional trucking connectivity.

Tender rejection rates for long-haul lanes are the highest in months, possibly due to ICE crackdowns. Capacity continues to exit the market rapidly, exacerbated by regulatory pressure. Spot rates from Los Angeles to Chicago have been erratic, impacting available capacity. Truckload capacity is falling faster than demand, presenting challenges in the freight market.

Read more at Yahoo Finance: Truckload capacity is falling faster than demand