North American Freight Shipments Remain Negative

Coronavirus creates doubt that Q2 will see previously predicted turnaround

Highlights from February’s indexes:

• North American freight volumes improved from January, but fell 7.5% year over year in February 
• Truckload linehaul rates fall to lowest point since September 2017
• Intermodal shipping costs at lowest point since December 2017 
• Impact of coronavirus is just beginning

As a reminder, historical data points for the truckload and intermodal cost indexes were restated in November as part of an algorithmic update. 

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