TL linehaul rates see 4th straight month of increases
Annually, rates are up 4.1 percent from last January. Superstorm Sandy may have much to do with the larger-than-normal January increase. (The Trucker file photo)
The Trucker News Services
Truckload linehaul rates rose for the fourth straight month in January, increasing 0.9 percent from December.
Annually, rates are up 4.1 percent from last January. Superstorm Sandy may have much to do with the larger-than-normal January increase.
Avondale Partners recently stated, “We believe that the after effects of Hurricane Sandy and the resulting dislocation of freight markets in the Northeast continue to inflate the index, with the impact relatively consistent with the aftermath of Hurricane Katrina (rates increased sequentially at ~1 percent greater than normal for the event month and three months after Katrina).”
Intermodal linehaul rates in January were 7.8 percent higher than January of last year. Month to month, costs rose 2.7 percent from December – a big jump compared to the average December-to-January change of .2 percent.
While the rise in truckload rates may have been event-driven (Sandy), the increase in intermodal rates is likely due to near-record shipment volumes. Demand for intermodal is expected to continue to grow in 2013, possibly outpacing the growth in supply.
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