Truckload Rates Up 5.7% in April

According to Cass Information Systems, truckload linehaul rates rose 5.7% year over year in April – and since February they have increased 4.6%.

For the second month in a row, our truckload linehaul cost index reached a new high.

Demand continues to improve while capacity tightens (due to the increase in demand as well as freight carriers exiting the industry). Avondale Partners continues to predict increases of 4-6% in contracted linehaul rates in 2014.

All-in intermodal costs (linehaul, fuel and accessorials) also reached a new high for our index, increasing 1.4% year over year in April and 1.0% from March.

Intermodal rates are expected to remain relatively flat in the near term, but rising intermodal volumes, combined with increasing truckload rates, should ultimately lead to further increases in intermodal costs

Category: General Update