09/16/2026
The Cass Freight Index delivered two significant data points in its August report. Truckload linehaul rates jumped by 11.3% year-over-year, marking its largest increase since June 2022 and the twentieth consecutive monthly gain. More notably, freight shipment volumes turned positive for the first time in 42 months, up 2.1% year-over-year and 5.6% sequentially.
Total freight expenditures surged by 18.7% year-over-year, driven both by rate increases and diesel prices running 46% above levels from a year ago. At this time, demand remains tepid, but a likely restocking cycle, rising ocean freight volumes, and tariff refund activity in the U.S. are expected to support continued modest freight growth heading into the fourth quarter.
For more info, read this FreightWaves article: https://www.freightwaves.com/news/cass-tl-rates-jump-11-in-august-freight-shipments-turn-positive