A look at a few trucking-specific economic indicators released in the recent week:
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Linehaul rates continue upward momentum: The linehaul portion of truckload rates — the base portion of gross rates — rose again in April, according to Cass’ monthly Truckload Linehaul Index. April’s index showed a 3.8 percent increase in linehaul rates from last April, and Avondale Partners, commenting on Cass’ latest index, said the trend should continue as demand increases and capacity remains tight.
“We would point out that contract pricing has been accelerating with a drawn-out bid last year,” said Avondale Partners. “We see truckload pricing increasing between 4 percent and 9 percent in 2015, depending on how much rate increase each carrier was successful in obtaining in 2014.”[/gttable]
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