Executive Briefings

Truckload Rates Hold Steady in August, Intermodal Linehaul Rates Rise in Same Period

Truckload pricing remained constant from July to August according to the Cass Truckload Linehaul Index, which for the second month in a row registered a value of 109.5. On a year-over-year basis, truckload rates are up 1.0 percent. After seeing substantial year-over-year growth rates last year and early in 2012, truckload pricing has continued to see its rate of growth move down over the last few months, according to Avondale Partners' recent report.

"Capacity remains constrained due to a host of factors, including CSA 2010, HoS, EOBRs, tight financing, higher equipment costs, strategic acquisitions, etc.," the report stated. The slow rate of growth over the last several months can at least partially be attributed to a shift toward intermodal, which again saw continued solid demand in August.

Intermodal linehaul rates increased 1.3 percent from July to August, and were at the same level as last August, according to our Intermodal Linehaul Index. After three months of declining intermodal base rates, the recent increase in rates may be related to diesel prices once again moving past the $4/gal mark. Share shift from truckload to intermodal continues as more containers continue to come on line.

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"Capacity remains constrained due to a host of factors, including CSA 2010, HoS, EOBRs, tight financing, higher equipment costs, strategic acquisitions, etc.," the report stated. The slow rate of growth over the last several months can at least partially be attributed to a shift toward intermodal, which again saw continued solid demand in August.

Intermodal linehaul rates increased 1.3 percent from July to August, and were at the same level as last August, according to our Intermodal Linehaul Index. After three months of declining intermodal base rates, the recent increase in rates may be related to diesel prices once again moving past the $4/gal mark. Share shift from truckload to intermodal continues as more containers continue to come on line.

Read Full Article