The monthly freight report from Cass Information Systems for October was released last week, with a variety of metrics based on based on data from the billions of dollars of freight bills that Cass pays for its shipper clients.

That includes its monthly Linehaul Index, which measures US per mile truckload rates before fuel surcharge and other accessorials, as can be seen in the graphic below:

Since peaking in early 2022, the Index (January 2010 = 100) has fallen sharply, to about 138. That means rates are currently up 38% over the 14 years since the baseline month. That’s an average of 2.3% over year, right around the annual rate of inflation.

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