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Rejections quadrupled while volume sat still, so capacity is the story
Rejections running at four times normal on flat volume points to supply, not demand. Per the FreightWaves piece, capacity is leaving faster than new trucks arrive, with costs, driver shortages and regulatory hurdles all cited. Brokers who priced freight on contract-rate assumptions are likely to feel it first, because tender rejections push… — sources — Story: www.freightwaves.com/news/trucking-capacity-c… Related: [1] www.freightwaves.com/news/100b-trade-gap-chin… [2] www.ttnews.com/articles/class-8-orders-septem… [3] landline.media/ooidas-compliance-connection-m…