While COVID-19 related demand boosted freight volume and spot freight in the first part of March, the latter part of the month saw a reversal, and April is looking ugly.
The Cass Truckload Linehaul Index for July indicates an increasing rate of acceleration for truckload linehaul pricing, posting the first double digit increase year over year since Cass began tracking it in 2005.
The Cass Truckload Linehaul Index continued the acceleration that began in 2017 by posting a record 8.2% year-over-year increase, with the measure hitting a reading of 134.8.
Newly released figures on the health of the North American freight marketplace as well as on U.S. truckload linehaul and intermodal rates show all are at or near record highs.
Freight rates for truckload linehaul and intermodal movements continued showing great strength in February, according to figures released Wednesday from one freight payment processor.
A measure of truckload linehaul rates has hit a new record high while a separate gauge of intermodal shipping rates showed it posted its 15th straight increase.
Newly released figures show truckload linehaul rates as well as those for intermodal shipments moved higher again in November, when compared to a year earlier. But they also showed declines from the month before.
A measure of truckload linehaul rates hit an all-time high last month, according to one latest measure, while a separate report showed another gain when it comes to intermodal rates.
Separate measures of truckload linehaul and intermodal rates moved higher in September, according to newly released reports, as the U.S. battered hurricanes and higher fuel prices.
Newly released figures show the market for truckload freight shipments is improving and the intermodal sector has completed nearly a year of increasing rates while the outlook for both has improved.