Truckload Linehaul Index Up 3.8% Year-over-Year in April

April’s Cass Truckload Linehaul Index rose 3.8% year over year, adding on to the 5.7% year-over-year growth in April of 2014.

The organization noted that “with demand increasing and capacity remaining tight, we should continue to see contract rate increases filter into our index at higher levels.”

Commenting on this index, investment firm Avondale Partners said, “We would point out that contract pricing (which applies to 95+% of the public carriers’ freight) has been accelerating after a drawn-out bid season last year. As a result, although spot market pricing has decelerated somewhat (it remains strong), … we see TL pricing increasing between 4% and 9% in 2015, depending on how much rate increase each carrier was successful in obtaining in 2014 and when those rate increases were achieved.”

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