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Truckload linehaul and intermodal rates both posted big gains in October compared to a year earlier, according to newly released figures from the business intelligence service provider Cass Information Systems.
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The Cass Truckload Linehaul Index, which measures changes in per-mile truckload linehaul rates, rose 6.7% year-over-year in September and increased 2.4% above the August level.
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Truckload linehaul rates for North America maintained their ongoing climb in August, with the Cass Truckload Linehaul Index gaining a solid 7% over August 2013.
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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 rose 5.7% in April compared to the same time in 2013 and are up 4.6% since February, according to new readings from the 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 continue to rise, according to the Cass Truckload Linehaul Index. With demand increasing and capacity decreasing, along with the last two quarters showing an unusually high number of carriers exiting the business, capacity is tight,
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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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