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
- Peak parcel surcharges are in effect longer, apply to more shippers and some surcharges have risen as much as 60% YoY
- The ground parcel index will reach a record high of 28.4% in Q4, driven by aggressive peak surcharge increases and additional surcharge costs arising from the seasonal increased share of residential deliveries
- The LTL rate-per-pound index will be 48.6% in Q4 – a quarterly decrease, but still a 10.1% year-over-year increase as fuel surcharges are expected to remain high and LTL GRIs come soon
- Consistent with softening demand, the truckload rate-per-mile index will decrease from 18.3% in Q3 to 17.9% in Q4
Download the Full Q4:2022
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.
