Truckload pricing dipped another 3.5 percent for the month compared to September 2015, the seventh consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
Truckload rates fell another 3.5 percent in September 2016 compared with the previous year, the seventh consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
The September decrease followed pricing declines of 0.6 percent in March, 2.3 percent in April, 1.2 percent in May,1.8 percent in June, 1.6 percent in July, and 2.8 percent in August.
Although the negative growth in March was the first since May 2010, pricing growth had steadily contracted over the previous 12 months, from 5.1 percent year-over-year growth in March 2015 to 3.8 percent in April, 3.5 percent in May, 3.6 percent in June and July, 3.7 percent in August, 3.2 percent in September, 1.9 percent in October, 1.6 percent in November, 1.1 percent in December, 0.4 percent in January and 0.5 percent in February.
Truckload rates fall for seventh straight month in September
