February Linehaul Rates Up 6.6%

In February, the Cass Truckload Linehaul Index–which measures the monthly change in linehaul rates across North America–rose 6.6% year over year.

The group noted that “with demand increasing and capacity remaining extraordinarily tight, contract rate increases should continue to 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 are not surprised to see the index continue to post mid-to-high single digit gains and we expect this to continue into the first quarter of 2015.”

The Cass Truckload Linehaul Index™ is a measure of market fluctuations in per-mile truckload linehaul rates, independent of additional cost components such as fuel and accessorials.

Category: General Update