Truckload, Intermodal Rates Moving Up, Cass Reports

Truckload linehaul rates jumped 2.9 percent in January, the biggest year-over-year increase since last February, Cass Information Systems said Thursday. The increase in the Cass Truckload Linehaul Rate Index¬†reflects higher spot market rates, growing freight demand and declining capacity, Cass said. Intermodal rates rose 1.7 percent from a year ago in January, as the Cass…

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