Cass Truckload Index Shows Better Linehaul Rates
Truckload carriers continue to command prices that are well above those from a year ago, according to the Cass Truckload Linehaul Index
Truckload carriers continue to command prices that are well above those from a year ago, according to the Cass Truckload Linehaul Index.
The data from October now has the Cass Truckload Linehaul Index at a value of 108.8, up year-over-year by 9.8%.
The trajectory of the Index reaffirms that capacity remains tight and carriers are being more disciplined regarding pricing and capacity additions in this cycle.
As the nation's largest payer of freight bills, Cass manages more than $17 billion annually in freight spend, enabling Cass to compile logistics data that serves as an indicator of transportation industry trends. The Cass Truckload Linehaul Index is a measure of market fluctuations in per-mile truckload pricing.
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