The Outbound Tender Volume Index is at an all-time high at 15,871. Part of the increase is being attributed to the increase in consumer purchasing goods with the stimulus money currently being received. Bank of America supports this claim by reporting that “total card spending [is] up 45% over last year” (Holm). When looking to prepare for the second quarter this year, “yearly volume comparisons will be meaningless for the majority of Q2 when freight demand plummeted. For the next several weeks, it makes more sense to show freight demand on a two-year comparison to mitigate the distortion in one-year comps” (Holm). This will be important to keep in mind when quoting lanes with produce season fast approaching.
Holm, Seth. “Tender Volumes up Strongly This Week.” FreightWaves, 27 Mar. 2021, www.freightwaves.com/news/tender-volumes-up-strongly-this-week.