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 what data matters most and what 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.

Split-screen graphic with shipping parcels in one screen, people working in an office on another screen and a forklift lifting a pallet in another screen.

Freight Index key takeaways highlights

  • The truckload rate-per-mile index will continue its decline and is projected to be 11.2% in Q1:2023, an 11.6% year-over-year (YoY) decline compared to the record-high 25.8% figure of just a year ago.
  • Supported by accessorial charges and GRIs, both LTL and ground parcel are expected to reach new highs in Q1, 66.5% and 34.9% above the January 2018 baseline respectively, despite economic headwinds.
  • Surcharge updates and year-round demand surcharges join record parcel GRIs, driving quarterly growth in both ground and express parcel
Download the Full Q1:2023 Cowen/AFS Freight Index
Download Q1:2023 Cowen/AFS Freight Index key takeaways

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.
Download the Full Q4:2022 Cowen/AFS Freight Index
Download the Q4:2022 Cowen/AFS Freight Index key takeaways