Cass Truckload Linehaul Index shows rates climbed 4.8pc in March
THE Cass Truckload Linehaul Index in March for linehaul rates paid (a mixture of contract and spot) stood 4
THE Cass Truckload Linehaul Index in March for linehaul rates paid (a mixture of contract and spot) stood 4.8 per cent higher than the same month last year, with a two-year stacked increase of 12 per cent. The index value was 139.9.
'We expect continued increases in coming months but at slightly lower percentage increases, as comparisons grow increasingly tough in coming months,' said Cass Indexes analyst Donald Broughton reported the American Journal of Transportation.
'We are lowering our realised pricing forecast for 2019 (from two per cent to five per cent) to one per cent to three per cent.'
According to Mr Broughton, spot rates - after peaking above contract rates briefly in 2018 - are below contract rates by a margin that is likely unsustainable. But even when and if they rise, they are expected to continue to put negative pressure on both contract rates and realized pricing.