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The Cass Truckload Linehaul Index hit a record 143.4 in October, up 8.2% year over year. The Cass Intermodal Price Index also reached an all-time high of 147.3, its 25th straight monthly increase.
Analyst Donald Broughton expects more record nominal highs but smaller percentage gains.
Tight truckload capacity and higher diesel costs are raising domestic freight rates, which increases the cost of moving feed ingredients and grain to buyers. The effect is on transport costs rather than commodity prices directly.
freightwaves.comBrian StraightNov 13, 2018After 153 past logistics events, ULSD / Diesel moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
