Capacity is returning to the Dallas market, causing outbound tender rejection rates to plummet after their seasonal holiday uptick. Dallas outbound tender rejection rates fell 457 basis points week over week, from 15.72% on Dec. 22 to 11.15%.
Dallas outbound tender volumes also fell, due to lower volumes from shippers and receivers closing for the holidays. Volumes dropped 15.57% week over week but remain 6.03% higher than last month.
The Dallas market skews more toward outbound freight volumes. Out of 135 key market areas, Dallas ranks fourth in outbound volumes and ninth in inbound volumes.
Spot market rates remain elevated. Over a four-day rolling average, 23% of Dallas outbound lanes showed above-average increases.
