Cleveland, Ohio, sees outbound tender rejections remain at the highest levels for the entire year following Thanksgiving. The OTRI is at 12.23%, a 322 basis point increase week over week.
Outbound tender volumes are down 28.44% week over week, likely also due to the Thanksgiving holiday.
As the week continues, rejections should come back to more manageable levels as excess freight gets cleaned up from late last week. There are some additional concerns around winter weather plaguing the area that could hinder holiday recovery efforts, but the market should be back to normal by the end of the week.
