by Mike ‘Mish’ Shedlock
The Cass Truckload Linehaul Index is down for the third consecutive month.
It’s a measure of market fluctuations in per-mile truckload linehaul rates, independent of additional cost components such as fuel and accessorials
The index fell another 1.2% year over year in May after declines of 0.6% and 2.3% in March and April respectively.
With three consecutive months of price declines, the domestic truckload market continues to face softer demand and excess capacity.