B-Stock is observing historically high levels of shipping demand nationwide.
What does this mean for you?
Because of the abnormally high peak demand for shipping and lack of current capacity, we expect this to cause downstream pain points both in forward, and reverse logistics operations during Q4 of 2020.
Specifically, we expect to see:
Tender rejection rates — the rate at which carriers reject electronically tendered load requests from shippers — have been a strong leading indicator in the past on what happens to contracted rates in the future.
The OTRR remains historically high above 25% indicating that one in four loads is being rejected at their current rates across the country