Truckload Rate Increases Minimal in August

For the month of August, truckload rates remained flat in comparison to the month prior. Rates fell from 8.2 percent in February to 2.1 percent in July of this year, and truckload pricing increased 1 percent year over year (August). Intermodal rates climbed 1.3 percent from July to August, but were flat compared to the year prior.

Although truckload rates didn’t drop, the data signifies that demand may be reaching a plateau after large increases from 2010 through 2011. The slower pace shows the motor carriers attempts to keep freight on the highways, as volume has shifted from truckload freight to intermodal rail over the course of the year. The weakened pace also shows how increased fuel and operating costs have affected the truckload carriers