The latest TD Cowen/AFS Freight Index reveals mixed results, highlighting unprecedented parcel pricing and established trends in truckload (TL) and less-than-truckload (LTL) rates. The index, launched in October 2021, aims to provide predictive pricing tools for various shipping sectors by utilizing advanced analytics on freight data. Despite the Federal Reserve’s interest rate cuts being a positive sign for long-term carrier outlooks, low demand and heavy discounting are affecting pricing, especially in the parcel sector. The index forecasts continued competitive pressure in Q4, with LTL rates showing slight growth and truckload rates remaining stable amid excess capacity.

Source: https://www.logisticsmgmt.com/article/q3_td_cowen_afs_freight_index_highlights_mixed_trends_for_parcel_ltl_and_truckload_pricing_activity/