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Linehaul rates for truckload shipping continue to rise, according to the latest Cass Linehaul Rate Index. On average, North American shippers paid 7.2% more in July of this year than last in their truckload linehaul rates.
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Truckload linehaul rates paid by North American shippers in June were 5.2% higher than in June of last year, according to the latest Cass Truckload Line Index released Friday.
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Compared to the same time last year, truckload linehaul costs in May averaged 5.8% higher, an increase that is consistent with those of 5.7% in April and 6% in March, according to the latest Cass Truckload Linehaul Index.
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Truckload linehaul rates spiked in March, with the Cass Truckload Linehaul Index surpassing the 120 mark, showing a 6% year-over-year increase.
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Truckload linehaul rates paid in January increased 2.9% from the same time a year earlier, resulting in the largest year-over-year increase in linehaul rates since last February.
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Two measures about the health of the U.S. trucking industry turned in either their best or near-record numbers for December.
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Truckload linehaul rates in November were 1.8% above the same month last year, according to the latest Cass Truckload Linehaul index.
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Cass reports that truckload linehaul costs rosein June 1.5% year-over-year and 1% from May, very closely in line with seasonal trends.
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Truckload linehaul rates rose for the fourth straight month in January, increasing 0.9% from December, according to the Cass Truckload Linehaul Index. Annually, rates are up 4.1% from last January. Superstorm Sandy may have much to do with the larger-than-normal January increase.
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