Truckload Linehaul Index Increase For First Time In 2 Years
Cass Information Systems' January data revealed a 0.8% year-over-year increase in truckload (TL) linehaul rates, the first rise in two years. However, shipments were soft, down 5.3% from December and 15.1% year-over-year.
Cass Information Systems' January data revealed a 0.8% year-over-year increase in truckload (TL) linehaul rates, the first rise in two years. However, shipments were soft, down 5.3% from December and 15.1% year-over-year.
The TL linehaul index also rose 0.6% from December, marking five consecutive months of growth, though winter storms temporarily pushed spot rates higher. A full recovery may take time, with the index down 5.2% compared to January 2023.
Key figures for January 2025:
- Shipments: -8.2% YoY, -15.1% two-year, -5.3% MoM
- Expenditures: -4.2% YoY, -27.5% two-year, -4.8% MoM
- TL Linehaul Index: +0.8% YoY, -5.2% two-year, +0.6% MoM
Cass forecasts a 10% YoY decline in February shipments, though weather may soften the impact. Freight expenditures dropped 4.2% YoY, with a 4.3% YoY rate increase noted. The outlook for 2025 suggests modest rate growth.
