The Transportation Boom after the Transportation Recession.

The Cass Truckload Linehaul Index, which tracks per-mile full-truckload pricing but does not include fuel and fuel surcharges – and therefore is not impacted by surging diesel prices – jumped 8.2% in April compared to a year ago, the largest year-over-year increase in the data going back to 2005:

Screen Shot 2018 05 22 at 2.21.37 PMWolf Street

“Our realized contract pricing forecast for 2018 is 6% to 8%, and current data is clearly signaling that the risk to our estimate may be to the upside,” Cass said in the report. Cass obtained the data from freight invoices that it processed for its clients ($25 billion in 2017).
(more…)