We enjoy the Cass Freight Report from Cass Information Systems and partner Tim Denoyer of ACT Research, which is based on data from the billions of dollars of freight bills that Cass pays for its shipper clients.

We are also sure to take a look at the the Cass Linehaul Index within that report, which measures US per mile truckload rates before fuel surcharge and other accessorials. See chart below that tracks the index since the baselne month of January 2010, when the index = 100.

As can be seen, rates have been falling since early 2022, thoughly flatening a little in recent months.

Still, at an index value of 140 in January, it means US truckload rates are up 40% from the baseline month now 14 years later, or about 2.4% annually.

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