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Home » Truckload rate increases strong in November
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Truckload rate increases strong in November

December 8, 2011
Mark B. Solomon
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Truckload carriers continued to fetch robust prices for their services in November, although the pace of rate increases moderated from a near seven-year high in October, according to a monthly index released Wednesday by one of the nation's leading freight audit and payment firms.

Cass Information Systems Inc., which audits and pays $17 billion worth of freight invoices a year on behalf of its customers, said its Truckload Linehaul Index reached a value last month of 108.4, indicating that truckload linehaul rates are up 8.5 percent year over year.

The November data represented a slippage from the October score of 108.8, the highest level since Cass began tracking the data nearly seven years ago. The slight decline correlates with a drop in load activity last month relative to the month before.

The index only analyzes the linehaul component of truckload rates and excludes components like fuel surcharges and accessorial fees. As a result, Cass said, the index is an accurate reflection of trends in per-mile truckload pricing, independent of other elements.

Despite the month-over-month decline, the November results still reflect continued escalation in truckload rates, fueled by capacity reductions, driver shortages, a pickup in freight demand, and decisions by carriers to boost yield by shedding unprofitable or marginally profitable business.

Transportation Trucking
KEYWORDS Cass Information Systems
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Marksolomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.

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