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.
- OTVIWK.USA is the weekly average of outbound tender volume of the entire USA market.
- OTVIMTH.USA is the monthly average of outbound tender volume of the entire USA market.
- OTVIQTR.USA is the quarterly average of outbound tender volume of the entire USA market.
- OTVIYR.USA is the yearly average of outbound tender volume of the entire USA market.
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