TRUCKLOAD RATES UP 8.6 PERCENT, CASS SAYS
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Truckload linehaul rates rose 0.7 percent in December from the previous month and were up 8.6 percent year-over-year, according to Cass Information Systems.
The Cass Truckload Linehaul Index rose to 109.2 last month, up from 108.4 in November, as truckload carriers wrapped up the holiday shipping season. Lean inventories that kept goods rolling deep into the holiday shopping season likely helped truckers reverse a two-month trend that saw rates fall slightly.
Rates dropped half a percentage point from September through November, according to the index. Annualized increases peaked in August at 10.1 percent. Cass’s index, based on data drawn from more than $17 billion in freight invoices processed by the company annually, backs other measures of truck pricing.
TransCore Freight Solutions reports spot market truckload rates rose 7.4 percent in 2011, while contract rates rose 6.5 percent and are likely to climb in 2012.
“The trajectory of the index reaffirms that capacity remains tight and carriers are being more disciplined regarding pricing and capacity additions,” Cass said.
Contact William B. Cassidy at [email protected]. Follow him on Twitter at @wbcassidy_joc
Truckload linehaul rates rose 0.7 percent in December from the previous month and were up 8.6 percent year-over-year, according to Cass Information Systems.
The Cass Truckload Linehaul Index rose to 109.2 last month, up from 108.4 in November, as truckload carriers wrapped up the holiday shipping season. Lean inventories that kept goods rolling deep into the holiday shopping season likely helped truckers reverse a two-month trend that saw rates fall slightly.
Rates dropped half a percentage point from September through November, according to the index. Annualized increases peaked in August at 10.1 percent. Cass’s index, based on data drawn from more than $17 billion in freight invoices processed by the company annually, backs other measures of truck pricing.
TransCore Freight Solutions reports spot market truckload rates rose 7.4 percent in 2011, while contract rates rose 6.5 percent and are likely to climb in 2012.
“The trajectory of the index reaffirms that capacity remains tight and carriers are being more disciplined regarding pricing and capacity additions,” Cass said.
Contact William B. Cassidy at [email protected]. Follow him on Twitter at @wbcassidy_joc