Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Truckload Linehaul, Intermodal Rates Continue Falling

Truckload linehaul rates fell again in July from the same time a year ago, marking the fifth straight month of year-over-year declines, according to latest readings from the Cass Truckload Linehaul Index.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
August 22, 2016
Truckload Linehaul, Intermodal Rates Continue Falling

 

2 min to read


Truckload linehaul rates fell again in July from the same time a year ago, marking the fifth straight month of year-over-year declines, according to latest readings from the Cass Truckload Linehaul Index.

The drop of 1.6% puts the measure at 122.5, but that is up 1.1% from June and is at its highest level since April.

Ad Loading...

Analysts at the investment firm Avondale Partners predict that pricing will remain down as much as 3% year-over-year for the remainder of 2016.

“Several factors continue to contribute to increased capacity, including driver pay increases; newer, more reliable trucks; overall fleet growth and an easing of the 34-hour restart rule,” the report said.

The index is an indicator of market fluctuations in per-mile truckload pricing, isolating the linehaul component of full truckload costs from other components, such as fuel and accessorials, providing a look at trends in baseline truckload prices.

Ad Loading...

Meantime, intermodal pricing fell 2.4% year-over-year in July, representing 19 straight months of declines.

Despite the drop in the Cass Intermodal Price Index the reading of 123.5 is 2% better when July is compared to June, following three straight month-over-month falloffs.

Historically, there is a "high degree of correlation between truckload and intermodal pricing," according to analysts with Avondale Partners. As contract rates for trucking continue to lose strength and move further into negative territory, “[this] would imply even more potential weakness for intermodal pricing," the report said.

The intermodal index is an indicator of market fluctuations in per-mile U.S. domestic intermodal costs, and includes all costs associated with the move, such as linehaul, fuel and accessorials.

Both the intermodal and the linehaul indices are based on costs as of January 2005 and use a base value of 100. Data is derived from actual freight invoices paid on behalf of freight payment processor Cass Information System and its clients, which totaled $25 billion in 2015.

Ad Loading...

The reports follow the release of the Cass Freight Index, which measures freight activity across all domestic modes, showing during July overall shipment volumes and pricing were persistently weak, with increased levels of volatility as all levels of the supply chain continue to try to work down inventory levels.

More Fleet Management

Container ship at the Port of Long Beach.

July Imports Poised to Set Container Record

The National Retail Federation projects July container imports will surpass the pandemic-era record as shippers frontload freight ahead of expected August tariff increases.

Read More →
Nine headshots of men and women with Truck Fleet Innovators logo and the word "Finalists"
Fleet Managementby Deborah LockridgeJuly 10, 2026

HDT Announces 2026 Truck Fleet Innovator Finalists

From AI and fleet electrification to safety, operations, and leadership, these HDT Truck Fleet Innovator finalists are changing how trucking gets done.

Read More →
DAT trucking conditions June 2026.

Van Spot Rates Top Contract Rates for First Time Since 2022

There’s more good economic news for the North American trucking industry according to the latest Truckload Volume Index report from DAT.

Read More →
Ad Loading...
Carrier Transicold Fleet Refresh program.

Carrier Transicold Extends Refrigerated Trailer Life

Fleet Refresh enables refrigerated fleets to replace aging transport refrigeration units instead of entire trailers, while adding Lynx Fleet telematics and BluEdge service coverage.

Read More →
FTR TCI May 2026.

FTR Says Freight Rates Surged in May

FTR's Trucking Conditions Index surged to a record high in May, the analytics firm reports.

Read More →
Panel discussion

Meet HDT's Truck Fleet Innovators at Heavy Duty Trucking Exchange

Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for HDTX, September 23-25.

Read More →
Ad Loading...
thermo king heavy duty trucking
SponsoredJuly 1, 2026

Enhance Fleet Performance with High-Efficiency Auxiliary Power Units

Drive sustainable cost savings while increasing driver comfort during short- and long-haul logistics operations.

Read More →
Cover of a Dayton Parts guide titled "Strategic Parts Purchasing: A Process Checklist." The cover highlights "5 Steps to Revamp Parts Procurement, Cut Costs and Increase Uptime" and features a warehouse aisle with shelving full of automotive parts, where a worker is organizing heavy-duty suspension components on a pallet.
SponsoredJune 30, 2026

Is Your Parts Procurement Process Reactive or Proactive?

Ready to revamp your parts procurement process? Learn how now with “Strategic Parts Purchasing: A Process Checklist”

Read More →
Fleet Managementby StaffJune 24, 2026

What Trucking Events are Happening in 2026?

Looking for trucking-related conventions, expos, and other events? Heavy Duty Trucking has developed this list of national and larger regional trucking shows and events.

Read More →
Ad Loading...
LIne graph showing spot rates and driver availability over time
Fleet Managementby Deborah LockridgeJune 22, 2026

Truckload Rates Keep Rising as Tight Capacity Fuels Freight Market Recovery

Spot and contract rates continued climbing in May and June, not because freight demand is surging, but because fewer trucks and drivers are available.

Read More →