Chart of the Week: Accepted SONAR Tender Volume Index, SONAR Tender Rejection Index SONAR: ASTVI.USA, STRI.USA
The truckload market is heading into the holidays with almost no slack. The Accepted SONAR Truckload Volume Index (ASTVI), which measures only the loads carriers accept, has fallen more than 4% over the past four weeks to 9,518. That’s its lowest level outside a holiday week since January. Normally, a drop like that would give carriers room to breathe. Instead, the national rejection rate (STRI) has barely moved and is holding near 13.9%.
A year ago, the market entered peak season with rejections under 6%, and the ASTVI was roughly 2% higher. That suggests the market has regained little, if any, efficiency over the past year…