Tender Volume Indices

(Type "tender volume" in the search box for a list of available markets)

Type: Index

Qualifiers it works with: USA and multiple regional markets. See SONAR index definitions for a full list of available market codes.

What is it? 
An index of accepted tender volumes on a given day. It is organized by inbound (ITVI) and outbound (OTVI) volumes for the U.S. and regional market granularity. The index was created with a base of 10000 on a national level from March 1st 2018 volumes.

For example: If there were 10 national loads accepted on March 1st and on March 2nd there were 11 accepted loads, the March 1st OTVI.USA value would be 10000 and the March 2nd value would be 11000. This indicates a 10% increase in volume from March 1st. 

Example: OTVI.ATL = 434.4 on March 1st. Atlanta accepted load volume was 434.4/10000 or 4.34% of the total national accepted load volume on March 1st, 2018. On August 7th, 2018 OTVI.ATL is showing 459.28, meaning that the volume of accepted loads have increased by 5.7% from August 7th vs. March 1, 2018.  

Who is interested?
Anyone that has an interest in freight movement patterns. i.e. Shippers, freight brokers, fleet managers, executives in a transportation company, owner operators

What does it tell me?                                                                                                                                                                                    Tender volume provides a way to judge load volumes in markets. As load volumes increase capacity tightens. It also provides weight to tender rejection indices by allowing you to judge how much volume is affecting capacity.

Example: A user wants to see the outbound tender volume index for the Albuquerque market. They would type OTVI.ABQ

Tender Market Share

Type: Percent

Qualifiers it works with: Multiple regional markets. See SONAR index definitions for a full list of available market codes.

What is it?

A relative index that measures the number of accepted loads in individual markets in relation to total accepted load volume for the day in the U.S. The sum of all the markets equals 100.

Example: OTMS.ATL = 4.58 means the Atlanta market originated 4.58% of all U.S. accepted loads that day.

Who is interested?

Dispatchers, Brokers, Carriers, Analysts

What does it tell me?

Market share percentages tell you what markets have the most impact on truck volumes. A larger market share means the market demands more trucks and has a larger impact on freight market capacity. When market share levels change, network imbalances can show up creating potential spot market activity.