Cowen/AFS
Freight Index
You’ve always used data for forecasting, budget and other strategic initiatives. But the value of data in logistics — and nearly every other market — is skyrocketing. So is the volume of data. In fact one of the great modern business challenges is knowing which data matters most and which to dismiss.
As a service to our clients, AFS collaborates with Cowen, a leading full-service investment bank, to bring you current and highly relevant data and insights that matter to your business on a quarterly basis.
Freight Index Key Takeaways Highlights
- Parcel fuel surcharges have tripled for express and more than doubled for ground on a year-over-year basis, and significantly outpace growth in the fuel indices on which they are based
- The ground parcel index will be 25.7% in Q3, relaxing after an all-time high of 27.7% in Q2 driven by higher fuel surcharges, higher average billed weight and strong GRI retention by carriers
- The LTL rate-per-pound index will be 54.0% in Q3 – down slightly from the all-time high of 54.8% in Q2, but still a 19.2% year-over-year increase as carriers have applied higher fuel surcharges and use accessorial charges to avoid carrying so-called “ugly” freight
- Despite softening demand, the truckload rate-per-mile index will grow modestly, largely due to upward seasonal adjustments, growing from 24.1% in Q2 to 26.5% in Q3
Download the Full Q3:2022
Cowen/AFS Freight Index
What Comprises the Freight Index?
The Freight Index provides a performance snapshot of less-than-truckload shipping, full truckload shipping, and parcel shipping, both express and ground.
Massive client historical data and current macro and micro economic factors are carefully evaluated, selected and their impact built into our predictive models. The resulting Cowen/AFS Freight Index offers a unique and comprehensive view on both market past performance and the forecasted outlook for the immediate future quarter.
