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American truckload rates continue to show slowing growth in April
THE latest Cass Truckload Linehaul Index shows US rates fell 2.3 per cent in April year on year, following a 0.6 per cent decline in March and increases of 0.5 per cent in February and 0.4 per cent in January.
Avondale Partners analysts say other factors are excess capacity, driver pay increases, overall fleet growth, reduction in carrier bankruptcies and an easing of the 34-hour restart rule, reports American Shipper.
Cass said the March pricing decline was the first since May 2010, but pricing growth has contracted from 5.1 per cent year-on-year to 3.8 per cent in April, 3.5 per cent in May, 3.6 per cent in July and June, 3.7 per cent in August, 3.2 per cent in September, 1.9 per cent in October, 1.6 per cent in November and 1.1 per cent in December.
Avondale Partners analysts say other factors are excess capacity, driver pay increases, overall fleet growth, reduction in carrier bankruptcies and an easing of the 34-hour restart rule, reports American Shipper.
Cass said the March pricing decline was the first since May 2010, but pricing growth has contracted from 5.1 per cent year-on-year to 3.8 per cent in April, 3.5 per cent in May, 3.6 per cent in July and June, 3.7 per cent in August, 3.2 per cent in September, 1.9 per cent in October, 1.6 per cent in November and 1.1 per cent in December.
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