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Stat’s Incredible: Introducing The Cowen/AFS Freight Index

What’s so new-and-different about AFS and Cowen’s new quarterly Freight Index? Plenty – including the fact that it’s not just based on raw data. Our data scientists have applied machine learning algorithms and modeling techniques to unlock the full value of data from more than $10 billion worth of transportation spend. Here’s a quick look at some of the most telling Q4:2021 findings from our first report.  

% the Composite Truckload Rate Per Mile Freight Index will reach in Q4:2021

Quarter over quarter percentage increase in Truckload Rate Per Mile

Semi truck icon with the text "32.2/lbs" overlaid on top

% the LTL Rate Per Pound is expected to climb to (a historic high – and a 2.1% quarter over quarter increase)

Percentage points higher that the Express Parcel Rate Per Package will be than it was in Q4:2020

% the Ground Parcel Rate Per Package is expected to climb to (another all-time high)

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AFS is directing carriers and customers to direct all inbound invoices to [email protected] or via established electronic submission, such as EDI or eSubmit to avoid processing delays due to the impacts of the COVID-19 countermeasures and service interruptions at the United States Postal Service.

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