Freight shipments backed up in June however expenditures, led by larger truckload charges and gas surcharges, continued to advance, in line with a month-to-month report from Cass Data Methods.
The multimodal shipments part of the Cass Freight Index fell 4.1% 12 months over 12 months in June, a downward acceleration from the 1.2% y/y dip logged in Could. Shipments slid 3.1% from Could to June (down 2.9% seasonally adjusted).
The dataset is trucking-centric and bucked the favorable demand traits J.B. Hunt Transport Providers (NASDAQ: JBHT) reported on Wednesday.
“To some extent, volumes are nonetheless down as a result of capability is declining, and the glimmers of sturdy demand seen with double-digit development within the comparatively small home intermodal sector should not transferring the needle on this extra trucking-based index,” the Friday report stated. “Greater gas costs had been additionally a drag on items demand.”
| June 2026 | y/y | 2-year | m/m | m/m (SA) |
| Shipments | -4.1% | -6.4% | -3.1% | -2.9% |
| Expenditures | 11.2% | 14.1% | 2.2% | 1.2% |
| TL Linehaul Index | 5.5% | 7.6% | -0.9% | NM |
Commentary from J.B. Hunt doubtless mirrored idiosyncratic traits, because it has been profitable in taking market share. It famous heightened curiosity for its intermodal and devoted choices as shippers search “secure, safe and dependable capability,” following the Supreme Court docket’s ruling widening legal responsibility publicity for brokers.
A Could report from Cass projected volumes would enhance 1.8% y/y within the again half of the 12 months if regular seasonal patterns held. The current iteration didn’t present an outlook.
“The amount restoration appears delayed by a hopefully temporary bout of inflation, and it’ll take time for the razor skinny U.S. financial savings price to recuperate,” the report stated. “However gas costs are falling quick, inventories are tight, tariffs are down, and the U.S. greenback is mushy, so a requirement restoration stays doable later this 12 months. However for now, tighter provide stays the principle purpose for accelerating charges.”
Cass’ expenditures index, which measures complete freight spend together with gas, surged 11.2% y/y in June. Greater freight charges and a 40% y/y enhance in retail diesel gas costs drove the rise.
Cass’ TL linehaul index, which tracks charges excluding gas and accessorial surcharges, elevated 5.5% y/y. The dataset, which incorporates for-hire spot charges however is closely weighted to contract charges, has been up y/y in 18 consecutive months. (It was up 7.6% on a two-year-stacked comparability in June.)
The June studying got here in 0.9% beneath Could.
“With many shipper bids taking impact July 1, that is doubtless a brief pause within the upward transfer in truckload charges,” the report stated.
Knowledge used within the indexes comes from freight payments paid by Cass (NASDAQ: CASS), a supplier of cost administration options. Cass processes $37 billion in freight payables yearly on behalf of consumers.
Extra BigRig articles by Todd Maiden:
- ArcBest publicizes layoffs, closing 10 LTL terminals
- ‘Large alternatives’ for J.B. Hunt in intermodal shift
- TL, LTL charges to hit new highs in Q3
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