The Cass Truckload Linehaul Index is a measure of market fluctuations in per-mile truckload linehaul rates, independent of additional cost components such as fuel and accessorials. The decline that started in 2019 has seen a slight uptick starting in mid-2020.
Spot rates were all about the old adage “what goes up must come down.” After strong growth in 2017 and 2018, rates in 2019 were sharply negative through mid-year before firming.
U.S. business logistics costs, as calculated in CSCMP’s 2020 State of Logistics Report, sponsored by Penske and authored by A.T. Kearney, rose 0.6% in 2019 to reach $1.63 trillion, or 7.6% of the $21.43 trillion GDP, a 2.3% growth over 2018. The logistics industry grew as well, seeing $1.63 billion in expenditures. With 2018's fast GDP growth and capacity shortages leading to logistic costs being the highest percentage of GDP since 2018, 2019 was a return to normal.
By Heavy Duty Trucking
As of May 1, 2021, all truck classes from pickups through heavy-duty class 8 units experienced an increase in wholesale values over the prior month
Access Now
As of April 1, 2021, pickup trucks and Class 4-6 medium-duty units experienced an increase in wholesale values over the prior month, but heavy-duty Class 7-8 trucks experienced a small dip.
Access Now
Although labor issues remain a significant challenge for respondents in the National Private Truck Council's annual survey, they continued to report retention and turnover performance far better than their for-hire colleagues.
Access Now
Heavy-duty truck driver and tractor-trailer driver wages and employment rates vary greatly by state.
Access Now
As of March. 1, 2021, all truck classes experienced decreases in wholesale values over the past month.
Access Now
Looking at the average price of the benchmark sleeper tractor sold through the two largest nationwide no-reserve auction companies, Class 8 auction volume increased in June.
Access Now
While both tractor and trailer sales saw a surge in October of 2019, those numbers quickly started dropping, with a COVID-19-related low in April 2020 of 1,680 tractors and 209 trailers.
Access Now
As of Feb. 1, 2021, all truck classes experienced decreases in wholesale values over the past month.
Access Now
EPA SmartWay data from 2018 shows Class 7, 8A, and 8B mileage-weighted miles per gallon data for each truck category for SmartWay program participants.
Access Now
The number of models of zero-emission trucks, buses, and off-road equipment available globally is expected to double between the end of 2019 and 2023.
Access Now
As of Jan. 1, 2020, all truck classes experienced decreases in wholesale values over the past month.
Access Now
As of Dec. 1, 2020, all truck classes from pickups to medium-duty Class 5-6 as well as Class 7-8 heavy-duty trucks saw a decrease in wholesale prices month-over-month.
Access Now
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In