Truckload Linehaul Rates Up in June
Truckload linehaul rates paid by North American shippers in June were 5.2% higher than in June of last year, according to Cass Information Systems.
The group noted that “as demand continues to increase while capacity exits the marketplace, this year’s procurement events and contract negotiations have not, in general, been ending favorably for shippers.”
For the remainder of this year, Cass expects stronger industrial production, increased consumer spending, and the continued recovery in housing to continue to squeeze capacity.
On the intermodal side, costs seem to have peaked for this year and have been falling over the last couple of months, they remain considerably high compared to the last several years.
In June, total intermodal transportation costs were 3.8% higher than in June of last year. On average for 2014, intermodal costs have been up 2.1% year-over-year, with the difference greater in the last three months, partially due to rising diesel costs.
Category: General Update, Management
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