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
The pandemic could drive more fleets to consider emergency planning and has increased vehicle operating expenses for many fleets.
Access Now
As of Nov. 1, 2020, all truck classes declined in overall wholesale values.
Access Now
How has COVID-19 impacting truck fleets related to their business and overall number of loads? How might it have actually improved things?
Access Now
As of Oct. 1, 2020, pickup trucks continued the dramatic and steady month-over-month increase in wholesale values from June to October 2020.
Access Now
As of Sept. 1, 2020, pickup trucks continued the dramatic and steady month-over- increase in wholesale values from June to September 2020.
Access Now
As of Aug. 1, 2020, pickup trucks saw a huge spike in wholesale values from June to July 2020.
Access Now
As of July 1, 2020, average wholesale values for all model-year 2015-2017 truck classes experienced some form of increase in value, except Class 7 medium-duty.
Access Now
As of June 1, 2020, all truck classes continued to experience a drop in resale values for 2015-2017 model-year units. This is the second month of decreases following the rise in all values in April 2020.
Access Now
As of May 1, 2020, all truck classes experienced a dropin resale values for 2015-2017 model-year units compared with the rise each class saw last month.
Access Now
Likely one of the most important tasks a fleet manager must handle is vehicle maintenance. A truck that isn’t working can’t accomplish its job; it’s a simple fact.
Access Now
As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units.
Access Now
As of March 1, 2020, we are back to a mix of increases and decreases in 2015-2017 model-year truck resale values.
Access Now
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