MFW Social Post – January 20, 2022

No sign of relief in the near future for shippers experiencing sky-high LTL rates, experts forecast the trend to continue through March.

The January 2022 Cowen/AFS LTL Freight Index attributes these rates from labor and capacity restraints, steep general rate increases and carrier consolidation. However, per-pound LTL rates are anticipated to take a slight dip in January then scale back up through March – resulting in a 35.8% increase compared to the index’s January 2018 baseline, which is relatively level with Q4 2021 at a 35.9% increase.

Forecasts indicate that shippers should expect and plan for higher LTL costs from the end of 2021, which included the peak holiday season – set to continue into the first quarter of 2022.

#highGASlevel #nolies #lesssqueaky #LTL #freight #transportation #shipping #lessthantruckload #capacity