Truckload Linehaul Index Down 1.4% YOY
A leading linehaul Index from Cass Information Systems decreased another 1.4% year over year in October after falling 3.5% and 2.8% in September and August, respectively.
With eight consecutive months of price declines, the domestic truckload market continues to face softer demand and excess capacity, stated analysts at Avondale Partners.
Driver pay increases, overall fleet growth, reduction in carrier bankruptcies and an easing of the 34-hour restart rule are some of the contributing factors, Avondale continued.
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