Truckload Shipping Rates Continue to Rise

The cost of truckload shipping continues to rise, as higher contract rates continue to filter into the index.

According to Cass Information Systems, in July, average truckload linehaul rates were 3.6% higher than last year, and 11% higher than two years ago.

The analysts at Avondale Partners predict increases of 4% to 9% in 2015.

As far as demand, they added in their report that they “expect the decline in industrial freight flows, especially related to oil and gas exploration, to be more than offset by a stronger consumer backdrop” and that they are “encouraged by the current growth streak in dry van loads, which are currently tracking toward mid-single digit growth for 2015, which would be the strongest percentage increase performance since 2010.”

Category: Featured, General Update