Current Volume Level Is Likely Unsustainable, But Just How High Can We Expect Throughput To Be Post-Fourth?
This week’s DHL Supply Chain Pricing Power Index: 55 (Carriers)
Last week’s DHL Supply Chain Pricing Power Index: 50 (Balanced)
Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers)
The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.
Volumes have continued to burst all around the country this week. Carriers are rejecting loads at rates only seen during the March panic-buying spree buildup. Spot rates have been bid up above 2019 levels in many markets around the country, but this trend is unlikely to continue given typical seasonality. However, volumes are so high currently that a significant decline could still keep OTVI above 2018/2019 comparables.
The Pricing Power Index is based on the following indicators:
Load volumes: Absolute levels and momentum positive for carriers
Outbound tender volumes