The Cass Truckload Linehaul Index fell another 2.8 percent year over year in August after decreases of 1.8 and 1.6 percent in June and July respectively. This represents six consecutive months of year-over-year declines in truckload linehaul costs.
Analysts at Avondale Partners have adjusted their pricing forecasts further downward to a range between -3 and 1 percent over the next four quarters, stating that demand continues to soften while truckload capacity has become more available.
“While we have been predicting negative pricing, even we were surprised at how weak the August data point was,” said Avondale.
The Cass Truckload Linehaul Index is an accurate, timely indicator of market fluctuations in per-mile truckload pricing. The index isolates the linehaul component of full truckload costs from other components (e.g. fuel and accessorials), providing an accurate reflection of trends in baseline truckload prices.