Truckload LInehaul Index Falls in August
The Cass Truckload Linehaul Index fell another 2.8% year over year in August after decreases of 1.8% and 1.6% in June and July respectively.
This represents six consecutive months of year over year declines in truckload linehaul costs.
Analysts at Avondale Partners have adjusted their pricing forecasts further downward to a range between -3% and 1% over the next four quarters, stating that demand continues to soften while truckload capacity has become more available. “While we have been predicting negative pricing, even we were surprised at how weak the August data point was.”
Category: General Update
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