Cass Linehaul Index up 7.3% over 2013 as rates rise
ST. LOUIS — In October, the Cass Truckload Linehaul Index rose 7.3 percent year-over-year as rates continue on their upward trajectory.
The combination of increasing demand and capacity shortages will continue to push the index higher as effects from this year’s new contract pricing are filtering into the market, according to a news release.
“As a result, although spot market pricing has decelerated somewhat (it remains strong), we are not surprised to see our index continue to post mid to high single-digit gains and we expect this to continue through fourth-quarter 2014,” an Avondale Partners official said.
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