North American Freight Volumes Back Near 2019 Levels
Cass Transportation Indexes Indicates tight capacity continues to drive up linehaul rates
| North American Freight Volumes Back Near 2019 Levels Cass Transportation Indexes Indicates tight capacity continues to drive up linehaul rates More positive news for the U.S. economy. Freight continues a strong rebound as the pandemic continues, with shipping volumes improving 7% from August to September and registering only 1.8% below last year’s levels. With this positive trajectory, lean inventories that need replenishing, and growing consumer confidence, we expect more positive news in the coming months. The movement of freight is widely considered a leading economic indicator. In the truckload market, which accounts for more than half the total freight market, tight capacity continues to drive up linehaul rates. Intermodal shipping costs, on the other hand, just hit at a 10-year low and are down more than 20% from each of the last two years. (This is partially due to low fuel costs rather than carrier pricing). Intermodal is typically the smallest segment of the shipping market. Its costs generally follow truckload and will likely turn up before year-end. See the Full Report & Data |
Category: Driver Stuff, Featured, General Update, Management, News
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