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Stat’s Incredible: Highlights From The Q1:2024 TD Cowen/AFS Freight Index

TD Cowen/AFS Freight Index for Q1:2024

With Groundhog Day just around the corner, it’s only fitting that the latest release of the TD Cowen/AFS Freight Index has us feeling a lot like that famous Bill Murray character, because several of its findings seem to be a continuation of trends we’ve been seeing since the second half of last year.

0.2

Percent that Truckload rates per mile are expected to decrease between Q4 2023 and Q1 2024 (a 2.9% year-over-year decrease)

0.7

Percent that the LTL rate per pound is expected to decrease between Q4 2023 and Q1 2024 (a 0.8% year-over-year increase)

3.7

Percent that Ground Parcel rates are expected to increase between Q4 2023 and Q1 2024 (a 1.6% year-over-year decrease)

1.6

Percent that Express Parcel rates are expected to increase between Q4 2023 and Q1 2024 (a 2.2% year-over-year decrease)

2

Fuel surcharge increases that UPS announced during December 2023

1

Fuel surcharge increase that FedEx announced during December 2023

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