The Tender Lead Time (OTLT/ITLT) is a daily index that measures the length of time in days between the load being offered and the requested pickup date. i.e. Shipper A sends load request on June 8th with a pickup date of June 10th has a 2-day OTLT.
Anyone that has an interest in freight movement patterns. i.e. Shippers, freight brokers, fleet managers, executives in a transportation company, owner operators
The TLT indicates shipper behavior patterns. When a market experiences changes in TLTs it can mean 1) the shipper is anticipating capacity issues, so the lead time increases and 2) the shipper has unexpected surging volumes, so the lead time decreases.
Outbound Tender Lead Times – OTLT
Inbound Tender Lead Times – ITLT
These are additional organizations of the OTLT/ITLT:
Length of Haul:
For inbound tender lead times replace the O with an I.