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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 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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