Cass: TL rates jump 11% in August, freight shipments turn positive
Cass data showed truckload linehaul rates were up sharply year over year in August, with freight volumes finally inflecting positively after 42 months of decline. The post Cass: TL rates jump 11% in August, freight shipments turn positive appeared first on FreightWaves .
In August, truckload linehaul rates increased by 11.3% year-over-year, according to data from Cass Information Systems. This surge marks the 20th consecutive year-over-year increase in the index, with the largest jump since June 2022. The index, which excludes fuel and accessorial surcharges, had previously risen by 70 basis points from July.
Freight shipments recorded by Cass turned positive for the first time in three and a half years, growing by 2.1% year-over-year and 5.6% sequentially. This marked the first such increase since 42 months of declines.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Cass: TL rates jump 11% in August, freight shipments turn positive finance.yahoo.com
- Here’s a list of August inflation rates for Canadian provinces winnipegfreepress.com
