Industry News

Freight bull market rages on in the new year

By January 8, 2021 No Comments

The DHL Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

 

The Outbound Tender Volume Index is still distorted from the holiday drop-off, but at trough remains 13% above 2020 levels on a rejection-adjusted basis. Relative capacity has loosened this week as drivers returned to the roads after the holiday break. The stage is set for a historically strong Q1 for freight with a slow vaccine rollout keeping a lid on services spending, and consumers are flush with recent stimulus as well as the hopes for more to come. The freight bull market rages on to start 2021.

 

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