THE Cass Truckload Linehaul Index, a measure of market fluctuations in per-mile truckload linehaul rates in the US, increased 9.5 per cent year on year in June to 134.7, representing the highest percentage increase since the base year of 2005.
The index has not only been positive for 15 consecutive months, but the strength is continuing to accelerate, reported the American Journal of Transportation.
'We are increasing our realised contract pricing forecast for 2018 from a range of six to eight per cent to a range of six to 12 per cent, and current data is clearly signalling that the risk to our estimate may be to the upside,' said Cass analyst Donald Broughton.
'We believe that this is the strongest normalised percentage level of truckload pricing achieved since deregulation [normalised meaning except for extreme periods of recovery from recession].'
The latest data point shows total intermodal pricing (all-in intermodal costs) rose 10.9 per cent year on year in June to 136.7, the biggest year-on-year increase since August 2011. June marked the 21st consecutive month of increases and brings the three-month moving average up to 8.8 per cent.
'Tight truckload capacity and higher diesel prices are creating incremental demand and pricing power for domestic intermodal,' added Mr Broughton.
The index has not only been positive for 15 consecutive months, but the strength is continuing to accelerate, reported the American Journal of Transportation.
'We are increasing our realised contract pricing forecast for 2018 from a range of six to eight per cent to a range of six to 12 per cent, and current data is clearly signalling that the risk to our estimate may be to the upside,' said Cass analyst Donald Broughton.
'We believe that this is the strongest normalised percentage level of truckload pricing achieved since deregulation [normalised meaning except for extreme periods of recovery from recession].'
The latest data point shows total intermodal pricing (all-in intermodal costs) rose 10.9 per cent year on year in June to 136.7, the biggest year-on-year increase since August 2011. June marked the 21st consecutive month of increases and brings the three-month moving average up to 8.8 per cent.
'Tight truckload capacity and higher diesel prices are creating incremental demand and pricing power for domestic intermodal,' added Mr Broughton.