
Truckload rates grew at a weaker pace for the fifth consecutive month in January, according to newly released numbers, while intermodal rates are expected to continue a drop that started a year ago.
Truckload rates grew at a weaker pace for the fifth consecutive month in January, according to newly released numbers, while intermodal rates are expected to continue a drop that started a year ago.


Truckload rates grew at a weaker pace for the fifth consecutive month in January, according to newly released numbers, while intermodal rates are expected to continue a drop that started a year ago.
The Cass Truckload Linehaul Index increased only 0.4% from the same time a year earlier to a reading of 125.8. This follows smaller increases that began in September when the year earlier gain was 3.2%, falling to 1.9% in October, 1.6% in November and 1.1% in December.
This latest gauge is also down 1.6% in January from the month before, following a 2.1% improvement in December from November.
According to analysts at the investment banking firm Avondale Partners, which provides analysis of the report, softening demand and increasing capacity are posing downside risks to their previously forecasted 1% to 3% increases this year.
Avondale also cited other factors providing downward pricing pressure, including carrier bankruptcies at historic lows, truck counts up by single digits and the relaxation of the 34-hour restart rule for drivers, which increased truck capacity.
The index is an indicator of market fluctuations in per-mile truckload pricing that isolates the linehaul component of full truckload costs from other components, such as fuel and accessorials, providing a look at trends in baseline truckload prices.

Meantime, a gauge of another freight transport sector looks worse, with the Cass Intermodal Price Index falling another 2.2% in January from the same time in 2015, after declines of 3.8% in December and 2.4% in November.
Despite this, its reading of 129.8 is the best since October, with January seeing a 2% increase from the month before following a 1.5% improvement in December from November.
“We expect intermodal rates will continue to decline in 2016 as the dramatic drop in diesel prices … takes its toll on U.S. domestic demand,” said Avondale. "[Consequently] the around 35 cents per mile decline in fuel surcharges collected by truckers in the last year and a half has to challenge demand and pricing power for domestic intermodal."
The index has posted a year-over-year decline every month since January 2015, when it was at 132.8
The Cass Intermodal Price Index is an indicator of market fluctuations in per-mile U.S. domestic intermodal costs that includes all costs associated with the move, such as linehaul, fuel and accessorials.
Data within both measures is derived from actual freight invoices paid by freight payment processor Cass Information Systems for its clients, which totaled over $26 billion in 2014.

Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.
Read More →
More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.
Read More →
HDTX is an intimate event that connects heavy-duty trucking fleet managers with industry suppliers through small-group discussions, educational sessions, and structured one-on-one meetings.
Read More →
New DAT One feature shows top-paying loads directly on an iPhone’s home screen, helping carriers react faster to spot-market opportunities.
Read More →
Optimal Dynamics says its new Scale platform uses AI agents and optimization to help carriers find and secure freight that improves network balance and profitability.
Read More →
DAT Freight & Analytics data shows tightening flatbed capacity, easing produce markets, and softening van and reefer rates.
Read More →
NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.
Read More →
A federal court ruling allows New York City’s congestion pricing program to continue, leaving truck tolls in place for fleets delivering into Manhattan.
Read More →
Fontaine Modification has introduced a new customer portal designed to give fleets real-time visibility into the truck modification process, addressing one of the most common questions fleet managers face: “Where’s my truck?”
Read More →
Strong freight rates, rising volumes and tighter capacity push trucking conditions higher, though diesel prices could temper gains in the near term, FTR cautions.
Read More →