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Truckload tender rejections returned to record levels in early October 2020 while capacity remains very tight. The Outbound Tender Volume Index has been above 15,000 since mid-August, and accepted tender volumes are up 16-20% year over year.
Tight truck capacity and high transport costs raise the cost of moving feed ingredients and finished feed domestically.
freightwaves.comSeth HolmOct 10, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
