Tender Rejections at 13.5%: Is Freight Bottoming?

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Tender rejection rates in the freight market have stabilized around 13.5%, indicating a potential short-term bottom before Labor Day, according to Zach Strickland's SONAR update. This stabilization is significant for carriers and shippers as it suggests capacity has tightened despite lackluster demand recovery, with intermodal shifting playing a role in easing pressure on truckload capacity.

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