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Anecdotal Inflation Metric

US
Cass Transportation Index Report data making the rounds:
  • Boosted by increased volumes (+10.0% y/y) and increased rates (+15.8% across all modes), total spending on freight in March 2021 hit an all-time high, with our index value reaching 3.379 (Jan 1990 = 1.0).
  • For truckload linehaul rates, shippers paid an average of 10.1% higher than a year ago, causing that index to also reach an all-time high.

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