Refrigerated market flatlines in the spring

The Reefer Outbound Tender Reject Index (ROTRI) has averaged below 5% since the start of March after spending much of Q4 2023 and January above 8%. The Reefer Truckload Index (RTI) that measures aggregated spot rates for reefer loads has moved similarly, indicating the market has returned to a looser state.

Rejection rates measure the rate at which carriers are turning down load requests from their shipper accounts. The higher the figure, the more challenging it is to find trucking capacity