What is the Morgan Stanley truckload freight index?

What is the Morgan Stanley truckload freight index?

The Morgan Stanley Dry Van Freight Index is another measure of relative supply. The higher the index, the tighter the market conditions. According to the index, conditions have tightened as of late. This trend is in line with what we have seen across the other measures of relative supply.

What is the Cass Freight Index?

About The Cass Freight Indexes The Cass shipments index is a measure of the number of intra-continental freight shipments across North America, for everything from raw materials to finished goods. All domestic modes are included, with truckload moves accounting for more than 50% of shipments and LTL about 25%.

Will freight rates go up in 2022?

After a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline.

How big is the truckload market?

The $800B U.S. Truckload Market, in 3 Words The market is big — really big — with nearly $800 billion in trucking revenue and nearly four million drivers. It’s not only massive — it’s also extremely fragmented.

Why are LTL rates so high?

LTL freight costs are determined by a number of variables, including fuel price, driver compensation and maintenance. Due to a shortage of drivers in the industry, driver pay has increased to attract qualified workers. Your personal shipment cost is based on factors such as weight, density, classification, etc.

Why is LTL freight so expensive?

The fact that driver compensation has been a significant factor in the recent rise in LTL shipping rates is a major reason LTL freight is so expensive. That is because the increase in driver compensation costs has been driven by a serious shortage of drivers.