Will the Cass Freight Shipments Index reach 1.02 or higher in May 2026?
May 2025 was 1.025. Breaking above 1.02 in May 2026 would signal freight volumes have stabilized and begun climbing year-over-year after 30+ mont...

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January 15, 2027
0.0% - 30.0%
Resolves to the final reported weekly OTRI.USA print of calendar 2026, as reported by FreightWaves SONAR. OTRI.USA is the national Outbound Tender Reject Index, expressed as a percentage. If SONAR has not reported a weekly print covering the final week of 2026 by the resolution deadline, the most recent prior weekly print is used. In the event FreightWaves discontinues or renames the index, resolution uses the closest available successor metric for national tender rejection.
OTRI.USA is FreightWaves SONAR's national Outbound Tender Reject Index, the percentage of contracted loads that carriers refuse. In mid-May 2026 it read 15.41%, above the 13% to 14% range that held through Q1 2026. This market resolves to the final reported weekly OTRI.USA print of calendar 2026. Year-end OTRI tends to run seasonally elevated by peak-season capacity dynamics. For historical context, OTRI ran in the low single digits during the 2023 freight recession and reached the mid-20s in 2021.
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May 2025 was 1.025. Breaking above 1.02 in May 2026 would signal freight volumes have stabilized and begun climbing year-over-year after 30+ mont...
ATA tonnage is the broadest measure of freight volume. May sees seasonal demand pickup (Mother's Day, Memorial Day, summer goods shipments). MoM...
New orders are a leading indicator—they predict future manufacturing production and freight demand 2-3 months ahead. If new orders exceed 52 in J...