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by Mish

It’s a measure of market fluctuations in per-mile truckload linehaul rates, independent of additional cost components such as fuel and accessorials

The index fell another 1.2% year over year in May after declines of 0.6% and 2.3% in March and April respectively.

With three consecutive months of price declines, the domestic truckload market continues to face softer demand and excess capacity.

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Cass notes “Driver pay increases, overall fleet growth, reduction in carrier bankruptcies, and an easing of the 34-hour restart rule are some of the contributing factors.”

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Cass Freight Index

The Cass Freight Index is a measure of North American freight volumes and expenditures.

That index is anemic compared to prior years.

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The freight index for every month this year is below the respective values for 2103, 2014, and 2015.

Mike “Mish” Shedlock