Originally published at: Tender Rejections at 13.5%: Is Freight Bottoming? - FreightWaves
Tender rejections are still running near 13.5% — and that could mean the freight market has found a short-term bottom ahead of Labor Day. In this SONAR update, we break down what stalled rejection declines mean for capacity, why this still looks like a supply-led cycle, how intermodal pulled pressure off truckload this summer, and…