Yield discipline and rising fuel prices push LTL rates to new highs in Q2
Trucking rate indexes surged in Q1 due to rising diesel fuel prices and limited truckload capacity, with LTL rates remaining elevated. The TD Cowen-AFS Freight Index shows LTL rates 66.9% above the 2018 baseline in Q1, with expectations of a new high in Q2. The industrial sector's recovery is contributing to increased shipment weights and higher costs.
Topics: freight rates fuel prices LTL rates PMI data trucking industry