Freight Rates Surge With No Relief in Sight


Freight expenditures index jumped 19.5% YOY in January. Implied freight rates, or expenditures divided by shipments, jumped 10.1% year-over-year. The increase shows that freight spend is increasing at a much faster pace than shipment growth. The implied rate has been in positive territory for five of the past six months. Read more here.

Author: Freightwaves