Truckload Linehaul Index up More than 4%
September’s Cass Truckload Linehaul Index improved by 4.2% YoY to 128.2, a new all-time high for the index.
According to Donald Broughton, transportation analyst and founder of Broughton Capital, as well as commentator for the Cass Indexes, pricing for trucking is continuing to grow ever stronger and gaining momentum.
After showing year-over-year negatives for 13 months in a row, the Cass TL Linehaul Index has not only been positive now for six months, but the strength is accelerating.
In just the last 90 days, Broughton’s independent pricing forecast has improved for 2017, from a range of -1% to 2%, to his current 2% to 4%, as the current strength being reported in spot rates is leading him to believe contract pricing rates should keep rates in positive territory through the end of the year.
Category: Featured, General Update, News
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